Equitable Life losses assessment urged by MPs - papers

The Public Administration Select Committee is calling on the government not to determine a final compensation figure in next week's Spending Review, writes the BBC. The issue is that there remains much disagreement over how much Equitable Life policy holders have lost. One report puts the amount at £4.8bn, but a second says it is much lower. The £4.8bn figure is the calculation of the Parliamentary Ombudsman, Ann Abraham, who also found that government regulators had been guilty of maladministration. Read more    China warning to US over yuan dispute China has again warne...