Discretionary Share Option Schemes in the Privatised Utilities

Part of New clause 1 – in the House of Commons at 5:30 pm on 3rd April 1995.

Alert me about debates like this

Photo of David Winnick David Winnick , Walsall North 5:30 pm, 3rd April 1995

I appreciate your guidance, Mr. Deputy Speaker. I was concluding my remarks, and trying to show why people throughout the country feel very strongly that the Government treat ordinary people—even when they lose their jobs—very differently from the way that they treat the fat cats.

If the Government want to show a genuine concern about the scandal surrounding the chief executives of the privatised industries, they will accept the new clause. However, Labour Members know full well that they have no intention of doing anything of the sort. That proves the point that we have made repeatedly—that the fat cats can do what they like because it is they whom the Government think should be rewarded in every possible way.