Debenhams and the Arcadia Group

That this House expresses its concern for the estimated 26,000 workers affected by this week’s announcements by both Debenhams and the Arcadia Group that they will be entering administration; recognises that many of these workers will have worked for these companies for much of their life and may have to find new work in an extremely challenging job market; further expresses its concern for what this will mean for local High Streets and those in these companies’ supply chains across the country who will be affected; calls on the Government to do what it can to ensure that pension pots are protected despite these announcements; and further calls upon the Government to work with trade unions and workers affected in ensuring that those affected are treated fairly and adequately throughout this process.