Business of the House

Part of the debate – in the House of Commons at 11:33 am on 26th April 2007.

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Photo of Tony Lloyd Tony Lloyd Chair, Parliamentary Labour Party 11:33 am, 26th April 2007

The Leader of the House will no doubt have followed the story of the proposed takeover of Boots by KKR, which would be another private equity financing deal. Although he will know that KKR has made certain guarantees about job security—they are very welcome—does he recognise that there is disquiet about private equity companies because the work force, suppliers and customers have much less certainty about the future strategy of such companies? Is it not time that we had a debate in this place to discuss the impact of these companies on the British economy?