Business of the House

Chris Leslie Excerpts

Thursday 1st July 2010 Commons Chamber

[Mr Heath]

The hon. Gentleman has been a doughty supporter of Equitable Life policyholders over the years, as have I and many hon. Members on both sides of the House. It does not really help if he now uses the terms that he has for this Government, who are trying to deal with the issue after year after year of prevarication from the previous Government. They set up Sir John Chadwick’s review. He has not yet completed it. He is now talking about reporting in mid-July, so we have to await the end of the review. There is no question about that.

My right hon. Friend the Leader of the House has said that legislation will be introduced at an early opportunity, and it will be.

[Chris Leslie (Nottingham East) (Lab/Co-op)]

Will the Deputy Leader of the House consider his reply to the hon. Member for City of Chester (Stephen Mosley) about the redundancies announced by the insurance arm of Lloyds Banking Group. Lloyds is, of course, largely owned by the Treasury. Of those posts, 198 are going from Nottingham. What can be done to help with retraining and redeployment of those made redundant? Many of our constituents in Nottingham are very concerned about this matter.

[Mr Heath]

The hon. Gentleman may want to raise that in the context of the Opposition day debate, because it is clearly relevant to that. I perfectly understand the concerns that he expresses on behalf of his constituents. We want to make sure that every possible assistance is given by the Government to the individuals made redundant. We bandy around percentages, but someone who loses their job is 100% unemployed until they find another job. That is the human tragedy that we always have to have in mind.

I hope that the hon. Gentleman will use that opportunity. If he feels that there is more that can be done, I hope that he will seek a debate on the issue either in Westminster Hall or on the Adjournment. Such issues are very important. I leave the hon. Gentleman with one parting shot. He is right: this is a bank in which the UK Government have a significant holding. I wish that the previous Government had applied some effective constraints on the way banks operated when they took that equity in the banks.