INVESTIGATION OF PRIVATE EQUITY BUY-OUTS

Early day motion 994, tabled 27 February 2007 by Bob Spink (Conservative). Signed by 30 members.

That this House is concerned with the level and quality of assessment of the financial risk attached to private equity buy-outs and that there is insufficient financial disclosure by the private equity companies; is concerned about the tax incentives which are driving private equity buy-outs and the prevalence of asset stripping and job redundancies which too often follow and the risks to pension funds; and therefore urges the Government to instigate a thorough and transparent investigation into these private equity companies and their operations.

Signatures by party: Labour 21, Liberal Democrat 3, DUP 2, Social Democratic and Labour Party 2, Conservative 1, UUP 1.