Treasury written question – answered at on 17 December 2018.
Darren Jones
Labour, Bristol North West
To ask the Chancellor of the exchequer, what assessment he has made of the validity of the Equitable Members Action Group statement that former Equitable policyholders are owed £2.5 billion; and whether he plans to allocate that amount to the Equitable Life Compensation Scheme.
John Glen
Minister of State (Treasury) (City), The Economic Secretary to the Treasury
There are no plans to allocate any further funds to the Equitable Life Payment Scheme.
Yes0 people think so
No3 people think not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
