13 MAR 2014

Co-Operative Group: Business of the House Questions

In questions to the Leader of the House of Commons, I asked about the management of the Co-operative Group.

Charlie Elphicke: May we have a debate on banking? In the light of recent events, the House should particularly explore whether The Co-operative Group has "the ethics of responsibility, co-operation and stewardship" claimed in 2012 by the Leader of the Opposition or is simply a very badly run institution with appalling corporate governance?

Andrew Lansley: My hon. Friend is right; many Members will be very disappointed by this situation, particularly given that, not very long ago, the Leader of the Opposition was talking about the ethics and responsibility of the Co-op—it is a pity that it came to all this. Many of us have a sense that we are having to deal with so many of the abuses in the banking system in the past. The Financial Services (Banking Reform) Act 2013 will be very important in that respect, and I hope that some of the principles that this Government are putting in place for future conduct in the banking system will be fully embraced in the governance of the Co-op.

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Charlie Elphicke

It has been an honour and privilege to serve as Member of Parliament for Dover & Deal. I hope to be re-elected to serve our community for another term. 

Many of my appearances in the House of Commons are now on Youtube. Please click the link to watch the footage.

Please email me at charlie@elphicke.com or ring my office on 01304 379669 if you need to get in touch.

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