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Summer Recess Adjournment

It is not my role to set that in motion, but I can refer it on. I return to Members' comments on Equitable Life. Earlier, we had an urgent question on the matter, and the Chief Secretary to the Treasury raised some key points. The point at issue relates to the failure of regulators, but my right hon. Friend feels strongly that the Government are not the compensator of last resort. He made that key point today. A number of hon. Members asked whether we could lay out the timetable. They need to know when action will be taken, and I shall take that message away and communicate it again. I say to any hon. Member who was not here earlier that the Chief Secretary to the Treasury accepted the need for a timetable and said that he would try to provide a "long-stop date", as he called it, for resolution. He has already agreed to come back to the House to try to provide that.