Archive | March, 2012

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Perkins chips in!


Toby Perkins MP visited Codfellas Fish & Chip Shop in Chesterfield on Friday to mark National Chip Week. The Chesterfield MP received a warm welcome from Town fryers Giannis and Maria Florentzidis before discussing the challenges small business and the catering industry are facing. Due to reduced disposable incomes, fewer people are eating out and purveyors of the nation’s favourite dish are being hit particularly hard.

Toby Perkins said:” Fish and Chip Shops are a well loved feature of communities and local economies across Britain, so I am delighted to celebrate National Chip Week with Giannis and Maria”.

Mr Perkins, who is also the Shadow Minister for Small Business, added: “Businesses like Codfellas are so important to get the jobs and growth we need in our economy. With growth flat lining, I am calling on the Government to do more to support small businesses through measures like a temporary VAT cut, a NI holiday for small firms and assistance for more SMEs to get access to finance.”


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Toby Perkins MP wishes ‘Happy St David’s Day’ to all Welsh Chesterfield residents!

Dydd Gŵyl Dewi Sant Hapus!

Toby Perkins MP would like to wish all Welsh residents of his Chesterfield constituency a happy St David’s Day.

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Toby Perkins MP criticises Government Pubs Minister for lack of action on PubCo’s

Toby Perkins MP has this week criticised the Government for not taking a tougher stand on Pub Companies and bringing in statutory regulation of them, despite overwhelming, cross bench support for this amongst many MPs.


Speaking to the press earlier this week Mr Perkins stated:


The new minister responsible for government policy on pubs has confirmed that he will be ignoring the will of parliament as well as the wider interest of the pubs industry in an appalling snub to small businesses and Members of Parliament.


On 12th January 2012, parliament voted unanimously to introduce a review of the new self regulatory regime of pub companies. However in answer to a parliamentary question from Labour’s shadow Pubs minister, Toby Perkins, the new government minister responsible for pubs regulation, Norman Lamb MP, confirmed that he would be ignoring the vote which called for an independent review of self regulation writing that: “It would not be appropriate, at this stage, to commission an independent review.”


The vote followed a debate in which members from all sides of the house lamented the imbalance of the relationship between pub companies and the tenants which has contributed to a large number of pubs closing, and called on the government to implement a review.


In response Toby Perkins said: “This shocking news will appal the very broad coalition of organisations who know that self regulation isn’t working and will confirm the view that this government are in the pocket of the large vested interests in the pub industry. It will also come as a huge shock to all those people who believed that the government would respect the will of parliament when all of the evidence was that they had got their policy on this wrong.


“The Business Innovation and Skills Select Committee have done exhaustive work which has demonstrated what the pub industry needs and having lost the vote on this, it demonstrates appalling arrogance for the government to then ignore the outcome of that vote and stick to ‘business as usual’. This government are clearly not serious about taking the steps needed to support our publicans and will sit idly by as more pubs go to the wall, more young people are put out of work and more communities are left without a vital local resource.”

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Toby Perkins MP helps secure a reprieve for CPP workers

Chesterfield MP Toby Perkins has joined staff at CPP in celebrating the news that the Financial Services Authority (FSA) and CPP have reached an agreement on measures to rectify mis-selling concerns.

Responding to an FSA investigation into claims that one CPP product was missold, Mr Perkins worked with MPs of all parties to ensure that any measures struck a balance between protecting the consumer and supporting the company to address the issues of the past with a strong plan for the future.

The company had warned that draconian steps could have led to them going into administration risking huge job losses and reduced protection for customers

Speaking today, Mr Perkins said “Whilst I recognise that the FSA have an important role in identifying misdemeanours, I was gravely concerned that those living and working in my constituency may be unfairly punished for something they had no part in.

“I am delighted to hear today that the FSA and CPP have reached an agreement that strikes the right balance and strengthening the prospects of CPP moving forward. However the company is not out of the woods completely yet and are in talks with their bankers over future support. I will continue to liaise with the company and am visiting their Future Walk offices on Friday to learn if there is anything else that I can do to help.”

A statement from CPP today explains:


“Further to the announcement on 20th February, CPPGroup plc (“CPP” or the “Group”) announces that it has reached agreement in principle with the FSA in relation to the scope of actions necessary to address certain failings in CPP’s sales processes.


“In relation to both its Card Protection and Identity Protection products, CPP has agreed with the FSA to undertake a past business review whereby CPP will contact customers whom CPP approached directly to purchase the products.


“CPP has also agreed to implement with FSA oversight a number of changes to its renewals process, in order to highlight more clearly to customers that they have the right not to renew the product, and to explain clearly to the customer the advantages and limitations of the relevant product. CPP will now work with the FSA to agree the detail of these proposals.


“Further, CPP has agreed to certain restrictions on the disposition of assets, including in relation to the payment of dividends. In particular, shareholders should be aware that the Group will not declare or pay any final dividend in respect of the financial year ended 31 December 2011.


“CPP considers this agreement to be a positive development. The resolution of these issues allows CPP to renew its focus on evolving towards a more customer centric business.


“In assessing the likely financial impact, CPP has with its advisors considered a number of assumptions, including as to customer response rates to the past business review and any impact on renewal take up rates. Based on those initial assumptions, CPP estimates that the financial exposure of the Group resulting from customer compensation, potential loss of renewal business and costs associated with carrying out the past business review, is expected be in the range of £10 million to £15 million.


“CPP remains in discussions with various stakeholders, including its financing banks and business partners, as to the ultimate impact on the business of the FSA’s investigation. Until those discussions have concluded it is expected that the suspension of CPP’s shares remains in place.

Further announcements will be made in due course.”

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I am Toby Perkins, Labour's Member of Parliament for Chesterfield. If you would like to get in touch with me, my office is open and can be reached by phone on 01246 386 286. I also hold regular surgeries so that constituents can meet me and I can take up their concerns. If you would like to make an appointment then please do contact my office. Thank you for visiting.

Contact Toby

Tel: 01246 386286
Post: 113 Saltergate, Chesterfield, S40 1NF


I hold regular surgeries for my constituents.
Please call 01246 386286 or email to make a booking.

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