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A debate on a motion relating to errors in payments made to victims of the Equitable Life scandal is scheduled for Thursday 21 January 2021.
A debate on a motion relating to errors in payments made to victims of the Equitable Life scandal is scheduled for Thursday 21 January 2021.
To ask Mr Chancellor of the Exchequer, when he next plans to meet representatives of the Equitable Members' Action Group.
To ask Mr Chancellor of the Exchequer, when he next plans to meet representatives of the Equitable Members' Action Group.
There are no scheduled meetings with the Equitable Members Action Group.
I am very conscious that I have only two minutes in which to speak. Let me begin by adding to the voices of many who have expressed their sorrow that this has happened. For so many years since the early 1990s there has been an injustice needing to be rectified....
I am very conscious that I have only two minutes in which to speak. Let me begin by adding to the voices of many who have expressed their sorrow that this has happened. For so many years since the early 1990s there has been an injustice needing to be rectified....
Thank you for calling me, Mr Deputy Speaker. I will try to be brief. The sorry tale of the Equitable Life debacle has been raised on the Floor of the House on countless occasions over the past decade, and impressive words have been spoken, but it is real action that...
Thank you for calling me, Mr Deputy Speaker. I will try to be brief. The sorry tale of the Equitable Life debacle has been raised on the Floor of the House on countless occasions over the past decade, and impressive words have been spoken, but it is real action that...
I could not agree more with my hon. Friend. There is a second set of policyholders within Equitable Life, which I believe are critical—the people who have reached retirement age and are dependent on this income. Telling them that they will not receive any compensation until next summer is a...
I could not agree more with my hon. Friend. There is a second set of policyholders within Equitable Life, which I believe are critical—the people who have reached retirement age and are dependent on this income. Telling them that they will not receive any compensation until next summer is a...
Does my hon. Friend agree that at a time when we want to encourage people to become savers again, it is vital to be seen to support these people and do what we can to help them through what turned out to be an absolute disaster? We must send out...
Does my hon. Friend agree that at a time when we want to encourage people to become savers again, it is vital to be seen to support these people and do what we can to help them through what turned out to be an absolute disaster? We must send out...
I should also like to place on record my congratulations to my hon. Friend the Member for Congleton (Fiona Bruce). I have to confess that, as I listened to her speech, I looked at my road map, having driven through her constituency on many occasions, trying to avoid the traffic...
I should also like to place on record my congratulations to my hon. Friend the Member for Congleton (Fiona Bruce). I have to confess that, as I listened to her speech, I looked at my road map, having driven through her constituency on many occasions, trying to avoid the traffic...
I absolutely agree with my hon. Friend. More than that, I urge Ministers to consider carefully a more generous compensation scheme than that recommended by the Chadwick report. I also urge them to consider making staged payments over some years, given the current pressure on the public finances as the...
I absolutely agree with my hon. Friend. More than that, I urge Ministers to consider carefully a more generous compensation scheme than that recommended by the Chadwick report. I also urge them to consider making staged payments over some years, given the current pressure on the public finances as the...
Knowing that time is of the essence, I will apply the principle that brevity is a virtue and not a vice. Before I begin, I congratulate my hon. Friend the Member for Congleton (Fiona Bruce) on an absolutely super speech. I very much welcome the Bill. Policyholders in my constituency...
Knowing that time is of the essence, I will apply the principle that brevity is a virtue and not a vice. Before I begin, I congratulate my hon. Friend the Member for Congleton (Fiona Bruce) on an absolutely super speech. I very much welcome the Bill. Policyholders in my constituency...
I, too, congratulate the hon. Member for Congleton (Fiona Bruce) on making her maiden speech. She has a hard act to follow in Ann Widdecombe, and I hope that she will follow in her footsteps, if not her dance steps. As you know, Mr Deputy Speaker, I represent in a...
I, too, congratulate the hon. Member for Congleton (Fiona Bruce) on making her maiden speech. She has a hard act to follow in Ann Widdecombe, and I hope that she will follow in her footsteps, if not her dance steps. As you know, Mr Deputy Speaker, I represent in a...
I certainly accept the hon. Lady's criticisms of the previous Administration, but does she accept that the coalition Government's prioritising the Bill early in this Parliament demonstrates some sort of commitment? However, I recognise the need for greater negotiation with EMAG to reach an appropriate settlement.
I certainly accept the hon. Lady's criticisms of the previous Administration, but does she accept that the coalition Government's prioritising the Bill early in this Parliament demonstrates some sort of commitment? However, I recognise the need for greater negotiation with EMAG to reach an appropriate settlement.
No, I will not. Like other Members, I want the Government to have their moral hat on. Forgetting about the failings of the past, this is their opportunity to do right by those who have lost out, and their action should be moral, not party political. Ministers can stand up...
No, I will not. Like other Members, I want the Government to have their moral hat on. Forgetting about the failings of the past, this is their opportunity to do right by those who have lost out, and their action should be moral, not party political. Ministers can stand up...
No, I will not. The situation has been a shock to my constituents and a disappointment to hon. Members of all parties, as we have heard from them. I am concerned that the Treasury is going to impose a limit, in the hundreds of millions of pounds, that will not...
No, I will not. The situation has been a shock to my constituents and a disappointment to hon. Members of all parties, as we have heard from them. I am concerned that the Treasury is going to impose a limit, in the hundreds of millions of pounds, that will not...
Will the hon. Gentleman give way?
Will the hon. Gentleman give way?
Let me add my congratulations to my neighbour in Cheshire and in London, my hon. Friend the Member for Congleton (Fiona Bruce), on her excellent maiden speech. Like everybody else, I support the Bill and I applaud our Front Benchers for moving so quickly to get this sorted out. I...
Let me add my congratulations to my neighbour in Cheshire and in London, my hon. Friend the Member for Congleton (Fiona Bruce), on her excellent maiden speech. Like everybody else, I support the Bill and I applaud our Front Benchers for moving so quickly to get this sorted out. I...
Let me add my name to the list of those congratulating my hon. Friend the Member for Congleton (Fiona Bruce) on her fine maiden speech. It is an understatement to say that this is a complex and difficult issue. I think that we all recognise the reasons for that complexity,...
Let me add my name to the list of those congratulating my hon. Friend the Member for Congleton (Fiona Bruce) on her fine maiden speech. It is an understatement to say that this is a complex and difficult issue. I think that we all recognise the reasons for that complexity,...
May I first offer my congratulations to my hon. Friend the Member for Congleton (Fiona Bruce) on her excellent speech in this important debate? I also want to congratulate the Minister on the progress he has made, and the speed with which he has been dealing with this issue; that...
May I first offer my congratulations to my hon. Friend the Member for Congleton (Fiona Bruce) on her excellent speech in this important debate? I also want to congratulate the Minister on the progress he has made, and the speed with which he has been dealing with this issue; that...
Like many other Members who have spoken this evening, I welcome the Bill. It is timely—it has certainly not come before time—and I congratulate the Financial Secretary on introducing it so early in the life of this Government. I too signed the EMAG pledge to stand up for fair and...
Like many other Members who have spoken this evening, I welcome the Bill. It is timely—it has certainly not come before time—and I congratulate the Financial Secretary on introducing it so early in the life of this Government. I too signed the EMAG pledge to stand up for fair and...
My hon. Friend is making a very powerful argument. One way in which we may be able to square this circle is by splitting up the Equitable victims between those who require swift payment as they are suffering real financial hardship now and other policyholders who have suffered losses but...
My hon. Friend is making a very powerful argument. One way in which we may be able to square this circle is by splitting up the Equitable victims between those who require swift payment as they are suffering real financial hardship now and other policyholders who have suffered losses but...
I accept that point—indeed, funnily enough, I was just about to make it. One way we could make this situation more affordable is by splitting up the sums to be paid over the coming years. This Bill presents the opportunity to be a building block in the process of rebuilding...
I accept that point—indeed, funnily enough, I was just about to make it. One way we could make this situation more affordable is by splitting up the sums to be paid over the coming years. This Bill presents the opportunity to be a building block in the process of rebuilding...