[Sir Alan Meale in the Chair] — Backbench business — Claims Management Companies

Part of the debate – in Westminster Hall at 1:50 pm on 8th November 2012.

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Photo of Jackie Doyle-Price Jackie Doyle-Price Conservative, Thurrock 1:50 pm, 8th November 2012

The hon. Gentleman is giving a powerful example of how some of these companies are deliberately set up to get rich quick and move in and out of the industry swiftly. We have a regulatory regime that allows them to set up something that is nothing more than profiteering. Would he, as I would, like to see more powers for the Ministry to suspend and de-authorise firms more quickly, because the difference is blatant when somebody is legitimate and when someone is preying on consumers?