Extract from second reading debate (Lords) of the Corporate Insolvency and Governance Bill - June 9
Wednesday, 10 June 2020 08:04
Lord Hain (Lab) [V]:...I will be joining my noble friend Lord
Hendy, who spoke so powerfully earlier, my noble friend Lord Monks
and others to move amendments in Committee next week to put in
place protections for employees over their pension rights, on which
my noble friends Lady Drake and Lady Warwick spoke in ominous but
authoritative terms, as well as protections on pay and national
insurance contributions, and on gender balance compliance with the
Equality Act 2010. But the...Request free trial
(Lab) [V]:...I will be joining my
noble friend , who spoke so powerfully
earlier, my noble friend and others to move amendments
in Committee next week to put in place protections for
employees over their pension rights, on which my noble friends Lady
Drake and Lady Warwick spoke in ominous but authoritative terms, as
well as protections on pay and national insurance contributions,
and on gender balance compliance with the Equality Act 2010. But
the catastrophic hit on manufacturing—including flagship companies
such as Rolls-Royce
Airbus and Jaguar Land Rover—has again starkly exposed the
Government’s complete lack of any serious or active industrial
policy. Britain’s smaller businesses need a source of modest equity
capital and long-term lending, like the KfW in Germany and the
Small Business Administration in the United States. Now is the time
to plug that gap...
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