Martin Vickers

The hon. Gentleman supports the point that I was making. I got it in writing from the Under-Secretary that there were credible bids. The issue of credible bids is one of the most important unanswered questions following last week’s announcement about the sale of the assets to Phillips 66, which I should say is an excellent local employer and provides hundreds of well-paid jobs. I have corresponded or met with four consortia that wanted to buy the business in its entirety. When I spoke to the union representative yesterday, he said that there were seven such expressions of interest. The four consortia I have been in contact with referred to FTI Consulting—the agents—and have reached the same conclusion: they have been ignored and not allowed to put forward their case in sufficient detail for any informed judgment to be arrived at. The Minister will no doubt be aware of an email to the Prime Minister from James Ascott, who is acting on behalf of Axiom. In the email, Mr Ascott said that Ministers “have publicly stated that no bids were received for the full Lindsey Oil Refinery site that would safeguard the future of refining operations and protect jobs. This statement is factually false. Our company did submit a fully funded, credible bid for the entire site on behalf of our client, expressly structured to preserve and continue operations, safeguard jobs and provide a full credit and liability solution, and a separate cash acquisition value of £400 million… This bid existed.”