§ 15. Mr. George Robertson
asked the Secretary of State for Trade if he is satisfied with the present status of insider dealing within the law: and if he intends to introduce legislation to outlaw it.
§ Mr. Robertson
In view of the fact that 24 Standing Committee sittings in the last Parliament were taken up in discussing this matter, ended only by the Dissolution of Parliament, and since there is a ready-made Bill covering these matters, why are the Government still running scared of a small element in the City of London who do not want the Government to take immediate action to outlaw this pernicious racket?
§ Mr. Clinton Davis
Is not the Minister aware that the proposals on insider dealing put forward by the Labour Government met with widespread approval? May I inform him that it is the Opposition's intention to suggest the inclusion of these 896 proposals in the current legislation in order to remedy this evil?