Tuesday 13 May 2014

Key debate in Connaught Fund debacle starts a parliamentary process

Equitable Life, Arch Cru and now Connaught. My time in parliament has featured all too many financial disasters that have decimated the finances of constituents. After 20 years and blighted lives with Equitable Life, and 6 long years of Arch Cru victms trying to get some recompense for a swindle that was not their fault, we again have another relic from the Labour years of light touch regulation, with greedy individuals / crooks depriving honest savers of hard earned reserves and investments.
The Connaught scandal has affected some of my constituents severely. The short debate we held last week tells the tale and full credit to my partner in financial rescue acts, Alun Cairns, MP for the vale of Glamorgan, and my fellow campaigner on Arch Cru. He secured the debate and made his points well. Full debate and my short contribution is here:  http://www.theyworkforyou.com/whall/?id=2014-05-07a.88.0&s=speaker%3A24962#g88.2