Part of the debate – in the House of Commons at 5:27 pm on 24 October 2005.
The right hon. Gentleman is right: he would have been entitled to come to the House to try to change the law, but he was working within existing statute law. Why did he not tell the judge who granted the administration order about the powers of the regulator, who, if he had chosen to exercise them, could have staved off the insolvency that was granted in that order?