[Albert Owen in the Chair] — Arch Cru Compensation Scheme

Part of the debate – in Westminster Hall at 9:30 am on 19th October 2011.

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Photo of Andrew Smith Andrew Smith Labour, Oxford East 9:30 am, 19th October 2011

I congratulate my hon. Friend on obtaining the debate and on the forensic and effective way in which he is presenting a very important case, which affects my constituents as it does others. Does it not pass all understanding how the FSA could have said on 21 June in its statement that it “considers that this package”—the £54 million package—

“is a fair and reasonable outcome, which is in the best interests of investors” when it is not fair, not reasonable and clearly not in the best interests of investors?