PRIME MINISTER Tony Blair yesterday slashed former and current Equitable Life policyholders' last bit of hope after he ruled out government compensation, saying it would not be financially possible.
The Daily Telegraph says Blair completely crushed the idea of the government paying compensation for investors who lost money as a result of the near-collapse of Equitable Life after he deemed the 'pay-out' could run into billions of pounds. Defending his view, he also claimed no other major parties were committed to compensating people who lost money in the affair. He said: "It is not actually sympathy these people need. It is help. Now we are looking to see what sort of help we can properly give them. "But I don't think it would be responsible for me or anyone else to say we wer...
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