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Proceeding contribution from Lord Davies of Abersoch (Labour) in the House of Lords on Monday, 6 July 2009. It occurred during Ministerial statement on MG Rover.


MG Rover

My Lords, first, I disagree with the noble Lord on one issue. The automotive industry remains the key industry for the UK. Whether that involves advance engineering or the automotive industry in general, the collapse and problems around MG Rover were not the end of the industry in the UK—far from it. We remain a huge producer of car engines, and it is a very important industry for us. The First Secretary of State received the report and took legal counsel on its receipt. It was considered appropriate after that legal advice to present the report in totality to the Serious Fraud Office. I accept that the report now needs to be considered by the SFO before we make any comments on individual parts of it, or how it affects government.


Secondary information

Type
Proceeding contribution
Reference
712 c460 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Disclosure of information Criminal investigation Company investigations Company accounts Department of Trade and Industry Fraud Insolvency Sales Serious Fraud Office BMW Rover Group Phoenix Consortium
Link
View this Proceeding contribution on www.publications.parliament.uk