Private equity groups CVC and Permira have been accused of blatant asset stripping and greed over their investment in the AA, the British motoring organisation and financial services group.

Gwyn Prosser, a UK Labour MP, is to lodge a motion in parliament calling for changes to company law to prevent "speculators" exploiting the limited-liability status of companies and attacking the private equity groups for a plan to borrow an additional £500m (€413m) "to pay themselves a special dividend".