Topical Questions

Part of Business, Energy and Industrial Strategy – in the House of Commons on 16th November 2021.

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Photo of Gareth Thomas Gareth Thomas Shadow Minister (International Trade)

A loophole in company law means that Bain Capital does not have to reveal how much it is paying the army of advisers helping it demutualise Liverpool Victoria. FTI Consulting, Clifford Chance, Fenchurch Advisory Partners and others have all benefited, perhaps by as much as £50 million or more. Does the Secretary of State not think that the members of Liverpool Victoria, whose money this is, have a right to know exactly how their money is being spent?