Hard on the heels of losing badly on points in the high court on Friday, the government now faces the prospect of being defeated in Parliament over its wretched attempts to wriggle out of paying compensation to those who lost out in the collapse of Equitable Life.
331 MPs had already signed an Early Day Motion put down by Vince Cable before the court case, by far the highest number to lend their support to a controversial EDM for many years and over half of the membership of the House of Commons. Up to now, the government has refused to put the issue of compensation to a vote in the House of Commons, presumably for fear of losing. Now, the Liberal Democrats have decided to give over one of their allocated debates this Wednesday afternoon to press the government further on behalf of the Equitable Life policyholders. We haven't seen the wording of t...
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