LORD PENROSE'S REPORT ON EQUITABLE LIFE (2)

Early day motion 827, tabled 15 March 2004 by Harry Barnes (Labour). Signed by 36 members.

That this House notes that Lord Penrose's report finds extensive evidence of operational failures by Equitable Life and regulatory failures by previous Conservative governments; yet recognises that Labour governments are often called upon to deal with the failings of financial capitalism and of a Conservative free market inheritance; and calls upon the Government to find ways and means of either the Parliamentary Ombudsman or Lord Penrose himself to examine the situation in order to make recommendations on compensation.

Signatures by party: Labour 32, Labour/Co-operative 2, Plaid Cymru 1, UUP 1.