Equitable Life

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 25th January 2001.

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Photo of Anne Begg Anne Begg Labour, Aberdeen South 12:00 am, 25th January 2001

If my postbag is anything to go by—in the number of constituents who have written to me about the money they have lost as a result of investing in Equitable Life—a large number of people throughout the country have fallen foul of that company in these events. They ate extremely angry—through no fault of their own they invested their money in what they thought was a sound British financial institution. They are looking for a steer from the Government to ensure that the people who let those events happen are brought to account and that such events never occur again.