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Business of the House

Part of the debate – in the House of Commons at 12:30 pm on 18th March 2004.

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Photo of Kevin Brennan Kevin Brennan Labour, Cardiff West 12:30 pm, 18th March 2004

I understand that in his Budget statement yesterday, the Chancellor encouraged financial institutions to give any orphan funds they might have to charity. Would it not be a good idea for the Government to use any orphan funds they have in the National Savings bank, for example, to compensate Allied Steel and Wire and other workers who have lost their occupational pensions through no fault of their own?