Paul Crossley

Many people lost out through the Equitable Life fiasco. It is now clear that the Government failed in its duty to regulate. Prudence Brown caught out yet again and again and again on issue after issue. This one does though go back to the incompetent Conservatives and their cloud cuckoo economics of the late 1980s. It is also clear that it is now the Governments duty to provide compensation and to put in place regulation to stop this happening again. The new chancellor certainly picked up the short straw taking over the treasury just as all Gordon's chickens were coming home to roost and the world economy goes into free fall.

Alastair Darling needs to visit Vince Cable and get some advice I think on this issue.

Our MP Don Foster has just issued a press release on this matter.

Date:Tuesday 19th August

I will campaign for those who lost out through Equitable Life - Foster

Bath MP Don Foster is urging all constituents who have lost money through pensions and investments with Equitable Life to contact him, so that he can effectively take up their case in Parliament.

Commenting, Don said, "I feel that after 8 years and 13 reports it's time for the Government to finally admit that it comprehensively failed to regulate Equitable Life properly - and to start talking compensation.

"It is critical that the Government now sets out a credible, transparent and independent process to enter into a dialogue with policy holders over compensation. My colleague Vince Cable MP has led the Liberal Democrats in Parliament on this issue - and he is the Equitable Members Action Group's Political Champion. I would hope that everyone in Bath who has lost money through Equitable Life contact me so that we can put more pressure on the Government to pay out this compensation."

Those who have lost out can contact Don by writing to 31 James Street West , Bath , BA1 2BT , or calling 01225 338 973.