The MP who this week had his calls for a government inquiry into the controversial £54m Arch cru investors' payment scheme dismissed by the Treasury, has said the fight for answers will continue in the corridors of Westminster.
On Wednesday, Labour shadow energy minister Tom Greatrex led a Parliamentary debate on the adequacy of the deal on offer from Capita, HSBC and BNY Mellon and the role of the Financial Services Authority in the fund range's downfall. Backed by about 30 other MPs, he called on Financial Secretary to the Treasury Mark Hoban, who was present at the debate, to launch an immediate government inquiry into the failure. Hoban rejected the request, saying no such inquiry has previously been undertaken by the government, and that it would be inappropriate to launch an investigation before the FS...
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