Photo of Stephen Ladyman

Stephen Ladyman (Minister of State, Department for Transport; South Thanet, Labour)

I have no time. I am sorry. The right hon. and learned Member for Rushcliffe was only supposed to speak for 20 minutes, but like all his promises when in government, he broke that one, too.

I put it to the hon. Member for Welwyn Hatfield: what role does he think directors take in running a company? Whom should shareholders blame when things go wrong in a company? If his company went into insolvency, would he think that he had a right to go to his major customer and demand that it provide more money in return for no more services, just to keep his company going? Of course he would not.

As we have heard, the judgment is a complete vindication of the Government's position. After weeks of evidence and weeks of cross-examination, the judgment found—[Interruption.]

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