Presbyterian Mutual Society

Part of Oral Answers to Questions — Northern Ireland – in the House of Commons at 11:30 am on 3rd June 2009.

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Photo of Shaun Woodward Shaun Woodward The Secretary of State for Northern Ireland 11:30 am, 3rd June 2009

I welcome my right hon. Friend's intervention, and it is a mark of his interest in these matters that he came and took hearings in Northern Ireland. I know that all hon. Members would want to welcome his work and contribution. As I said, the Prime Minister continues to take an active interest the matter, as does my right hon. Friend the Chief Secretary, and we will continue to follow it up. There are issues about the regulation of bodies such as the PMS in Northern Ireland and they will need to be addressed. There will be lessons to be learned for the future. For the 9,500 investors, I appreciate that there are real and pressing questions—particularly for those who invested less than £20,000. We all have a duty to do what we can to help them—and that also goes for my right hon. Friend the Prime Minister.

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