Directors’ Pay

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:36 pm on 20 June 2012.

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Photo of Vincent Cable Vincent Cable The Secretary of State for Business, Innovation and Skills 12:36, 20 June 2012

I am frequently accused of socialist tendencies by colleagues behind me, but the promotion of shareholders is a rather strange definition of socialism. There is not a shred of evidence to suggest that this will promote the outward movement of companies. Indeed, all the leading business associations and investor groups have welcomed what we are doing.