Asked by: Stephen Metcalfe (Conservative - South Basildon and East Thurrock)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, when he last reviewed the amount of compensation made available to Equitable Life policyholders and annuitants through the Equitable Life Payment Scheme.
Answered by Andrea Leadsom - Parliamentary Under-Secretary (Department of Health and Social Care)
The 2010 Spending Review allocated up to £1.5 billion to the Equitable Life Payment Scheme. The Government has no plans to review the level of funding available to the Payment Scheme.
Asked by: Stephen Metcalfe (Conservative - South Basildon and East Thurrock)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what criteria he used to calculate the amount of compensation issued to Equitable Life policyholders through the Equitable Life Payment Scheme.
Answered by Andrea Leadsom - Parliamentary Under-Secretary (Department of Health and Social Care)
In her report the Parliamentary Ombudsman was clear that the state of the public purse should be taken into account when deciding the level of funding available. The Government decided that £1.5billion was an appropriate level of funding for the Equitable Life Payment Scheme.
Asked by: Stephen Metcalfe (Conservative - South Basildon and East Thurrock)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what fiscal measures he has introduced to reduce taxes on families.
Answered by David Gauke
This government appreciates that times are tough and budgets are squeezed for families, which is why we have taken continued action to help ease the burden on hard working families.
Measures have included raising the Personal Allowance to £10500; abolishing the previous government's fuel duty escalator, and introducing a further 2 years of Council Tax freeze funding in 2014/15 and 2015/16 for local authorities which choose to freeze Council Tax.