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Proceeding contribution from Margot James (Conservative) in the House of Commons on Wednesday, 10 November 2010. It occurred during Debate on bill and Committee of the Whole House (HC) on Equitable Life (Payments) Bill.


Equitable Life (Payments) Bill

There is a key point for the victims of this scandal in my constituency of Stourbridge. Most of those whom I have met understand that the commitments that were given always had the proviso of the state of the public finances. That is a very relevant point. I wish so much that we could have offered people more, but given the difference between Chadwick's recommendations, which were the baseline, and the £1.5 billion, as well as the state of the public finances, many people who have suffered in this scandal will feel that they have been treated reasonably, although I accept the hon. Gentleman's assessment that the EMAG pressure group is still battling for more. That is its role as a pressure group.


Secondary information

Type
Proceeding contribution
Reference
518 c347-8 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Compensation Financial services Insolvency Equitable Life Assurance Society Pensioners Payments Equitable Life Ex-gratia Payment Scheme Review Ex gratia payments National Savings and Investments
Legislation
Equitable Life (Payments) Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk