Johnston Press: Administration

Part of the debate – in the House of Commons at 3:41 pm on 19th November 2018.

Alert me about debates like this

Photo of Jeremy Wright Jeremy Wright The Secretary of State for Digital, Culture, Media and Sport 3:41 pm, 19th November 2018

Again, I must I am afraid remind the House of what I said earlier. There are good reasons why, at this stage at least, I need to be cautious about what I say about the detail of this transaction and the background to it. What I would say to the hon. Lady is that it is very clear that this business was having significant difficulty before this transaction was carried out over the course of the weekend, and were these businesses to have been liquidated there would have been very serious consequences for all concerned. As I say, it is important that I am cautious at this stage about what I say.