May 2009 Archives
Trade credit insurers calm the political waters
It has certainly been a day of competing attractions at Westminster. The scurrying back and forth through the corridors of the Palace of Westminster and the conspiratorial knots of MPs in almost every corner suggested something was going on...
Posted by David Worsfold on May 19, 2009 4:39 PM | Permalink | Comments (0)
Should Myners have stopped Goodwin's pension?
Another day, another report from the Treasury Select Committee - and another barrage of disclosures about MPs' expenses. This morning we have the third instalment from the Treasury Select Committee following its inquiry into the banking crisis, Banking Crisis: reforming...
Posted by David Worsfold on May 15, 2009 10:42 AM | Permalink | Comments (0)
Government is to be put on the spot over Equitable Life
The former shadow home secretary David Davis has secured a 90 minute Westminster Hall debate next Tuesday (19 May at 11am) on the government's response to the latest Parliamentary Ombudsman's report on Equitable Life.The debates in Westminster Hall are one...
Posted by David Worsfold on May 14, 2009 10:02 AM | Permalink | Comments (0)
Prime Minister ducks the Equitable Life issue
The steady rise of Equitable Life up the political agenda continued this lunchtime when the Conservative MP Angela Browning raised it during Prime Minister's Questions. Her question trying to tease out a government response to the damming report from the...
Posted by David Worsfold on May 13, 2009 1:49 PM | Permalink | Comments (0)
Latest All Party Group newsletter now available
The latest newsletter on the activities of the All Party Parliamentary Group on Insurance & Financial Services is available on the group's website. You will also find a programme for the current session there....
Posted by David Worsfold on May 12, 2009 5:17 PM | Permalink | Comments (0)
Battle lines drawn on Equality Bill
Yesterday's second reading debate for the Equality Bill in the House of Commons confirmed just how tough it is going to be for the insurance industry to get the "clean" exemption from the age discrimination provisions that it has been...
Posted by David Worsfold on May 12, 2009 10:46 AM | Permalink | Comments (0)
MPs' expenses greed is shocking but we need to get over it
It is clear from the leaked information on the expense claims of ministers in the Daily Telegraph this morning that MPs are in for several weeks of constant, almost humiliating scrutiny of their financial affairs. It is hard to have...
Posted by David Worsfold on May 8, 2009 8:41 AM | Permalink | Comments (1)
Equitable Life report is now a serious political threat to the government
The latest damming report from Ann Abraham, the Parliamentary Ombudsman, into the Equitable Life affair couldn't have come at a worse time for the government and a better time for the policyholders who, in the Ombudsman's blunt words, have been denied...
Posted by David Worsfold on May 6, 2009 9:33 AM | Permalink | Comments (0)
Banks could face a mutual future
The second installment of the Treasury Select Committee's report into the banking crisis is a 120 page blockbuster. Predictably, it doesn't pull many punches when it comes to apportioning blame and roundly condemns the banks and their managements for what...
Posted by David Worsfold on May 5, 2009 3:18 PM | Permalink | Comments (0)
The EU is now out in front in the race to reform financial services regulation
It looks as if the initiative in reforming the regulation of the financial services sector has slipped out of Gordon Brown's grasp. For a brief moment after the G20 Summit in April the Prime Minister was setting the agenda and...
Posted by David Worsfold on May 29, 2009 4:09 PM | Permalink | Comments (0)
Daily Telegraph's expenses spotlight falls on John Greenway
It seems that very few MPs will escape without having to do some explaining in the wake of the Daily Telegraph's continued sifting through the minutiae of their expenses claims over the last four years. Among the latest to blush...
Posted by David Worsfold on May 27, 2009 12:20 PM | Permalink | Comments (1)
MPs are fast losing the plot in their attempts to excuse the mess they have made for themselves
I was going to leave the subject of MPs' expenses alone for a few days at least but I can't let Nadine Dorries' hysterical outburst today pass without comment.Quite simply, Methinks she doth protest too much.I can understand her point...
Posted by David Worsfold on May 22, 2009 4:10 PM | Permalink | Comments (0)
Viggers' duck house brings the curtain down on a distinguished career but raises the stakes in the body-strewn political battlefield
I suppose it was inevitable that one of the long-standing members of the All Party Parliamentary Group on Insurance & Financial Services would be caught in the expenses scandal and it happened last night when the Daily Telegraph revealed that...
Posted by David Worsfold on May 21, 2009 8:42 AM | Permalink | Comments (0)
Little hope on Equitable Life front
The debate on Equitable Life in Westminster Hall yesterday offered precious little hope of a speedy or satisfactory resolution to the problems caused by the collapse of the mutual insurer. It must make thoroughly depressing reading for the one million...
Posted by David Worsfold on May 20, 2009 4:41 PM | Permalink | Comments (0)
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David has been a financial journalist for 30 years and is currently Group Editorial Services Director at Incisive Media.
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