Business of the House

Christopher Pincher Excerpts

Thursday 30th June 2011 Commons Chamber

[Sir George Young]

In taking the difficult decisions that we had to take to get the deficit under control, we have sought to protect vulnerable members of the community—people who suffer from disabilities, the elderly and the sick; we protected the NHS budget—and in our reforms to welfare, we are also seeking to protect people such as Frankie. Inevitably, some reductions in public expenditure have had to be made and it would help if the hon. Lady’s party would at some point indicate how it would have responded to the fiscal challenge that we inherited.

[Christopher Pincher (Tamworth) (Con)]

From today, victims of the Equitable Life scandal—in Tamworth and around the country—begin to receive justice as the compensation scheme begins to pay out. Following years of vacillation from previous Governments, may we have a statement or a debate to mark that milestone?

[Sir George Young]

My hon. Friend is right. In 13 months we have done more for Equitable Life pensioners than the previous Administration did in 13 years. It is indeed the case that, as we said, the first payments would be made in the first half of this year. Those first payments are now going out, so we have honoured the commitment we made to providing a transparent and fair system of compensating those who lost money in Equitable Life.