Results 1–20 of 1600 for speaker:Andrew Griffiths

Previous Business – Commons: Select Committee (21 Mar 2018)

Women and Equalities: Older people and employment. 9:50 am; Room 15, Palace of Westminster
Witnesses: Alok Sharma MP, Minister of State for Employment, Department for Work and Pensions Duncan Gilchrist, Deputy Director, Fuller Working Lives and State Pensions Policy, Department for Work and Pensions Andrew Griffiths MP, Parliamentary Under Secretary of State, Department for Business, Energy and Industrial Strategy Mark Holmes, Deputy Director, Labour Market Directorate, Department for...

Written Answers — Department for Business, Energy and Industrial Strategy: Workers (Definition and Rights) Bill (21 Mar 2018)

Andrew Griffiths: On 8 March my Private Office contacted the hon Member offering a meeting to discuss his Bill. They are still awaiting a response. As he will be aware, Government has launched four consultations in response to the Taylor review and intends to engage with as many stakeholders and interested parties as possible in order to inform our next steps. This includes a consultation that discusses...

Corporate Governance and Insolvency (20 Mar 2018)

Andrew Griffiths: A little like a machine gun, those questions came thick and fast, and I thank the hon. Lady for them, but I am somewhat surprised. When Carillion went into insolvency the hon. Lady and her partner the hon. Member for Salford and Eccles (Rebecca Long Bailey) demanded that we learn the lessons from the Carillion failure. Today, just a few weeks later, we have come forward with proposals to...

Corporate Governance and Insolvency (20 Mar 2018)

Andrew Griffiths: As my right hon. Friend will know, we have not hung about in relation to improvements within the corporate governance structure. We will soon lay a further statutory instrument which will enhance even further the corporate governance measures we have introduced. The consultation will take place within the normal rules of a consultation, and we hope to bring forward proposals as a matter of...

Corporate Governance and Insolvency (20 Mar 2018)

Andrew Griffiths: I thank the hon. Gentleman for his detailed and important questions, many of which related to small businesses. As the Minister with responsibility for small businesses, I take those questions extremely seriously. It is not just large corporate collapses, such as that of Carillion, that affect the thousands of small businesses in the supply chain. The collapse of a small business can affect...

Corporate Governance and Insolvency (20 Mar 2018)

Andrew Griffiths: I agree with my hon. Friend. This is why we are specifically consulting, in this document, about what more we can do to protect small businesses. In lots of these failures, we have seen clever directors with clever advisers, clever lawyers and clever tax accountants putting in place a regime that allows them to walk away scot-free while hard-working businessmen and women in our constituencies...

Corporate Governance and Insolvency (20 Mar 2018)

Andrew Griffiths: The hon. Lady asks two important questions. The Government have a role to play in this as a customer. We give billions of pounds of contracts and we have the power in our own hands to demand that the supply chain is treated properly. I can assure her that, in the very near future, we will be coming forward with a clearer set of principles and tools to ensure that the supply chain is treated...

Corporate Governance and Insolvency (20 Mar 2018)

Andrew Griffiths: My hon. Friend has hit the nail well and truly on the head. I commend the work that his Select Committee has been doing in shining a light on the realities of the way in which Carillion operated. In the very early days of the Carillion collapse, when the Government were looking to protect those vital services that were being delivered and to protect the 18,500 people employed by the company,...

Corporate Governance and Insolvency (20 Mar 2018)

Andrew Griffiths: I thank the right hon. Gentleman for his question. He clearly has a vast amount of experience as a former Secretary of State in our Department. He is right to identify the value extraction element in this document. When a business is taken over, we often see the directors of the purchasing company put in place complicated measures to protect their own backs, to ensure that, whatever happens...

Corporate Governance and Insolvency (20 Mar 2018)

Andrew Griffiths: In recent weeks, we have seen the impact that the banks can have on small businesses when they act inappropriately. I have been meeting the all-party parliamentary group on small and micro business recently to see how we can get more accountability; I know that my hon. Friend is a member of that group. My concern is that small businesses are shying away from finance—shying away from...

Corporate Governance and Insolvency (20 Mar 2018)

Andrew Griffiths: I am pleased to announce that the Government have today published a consultation paper on corporate governance and insolvency. Copies have been placed in the Library of the House. The United Kingdom is recognised as having a leading international reputation for corporate governance. That gives us an international competitive advantage, and is an important factor in making the UK the best...

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