HC Deb 18 December 2003 vol 415 c1006W
23. Sandra Gidley

To ask the Chancellor of the Exchequer if he will make a statement on Equitable Life. [144738]

Ruth Kelly

Equitable Life's most recent interim accounts, which reflected its position as at 30 June 2003, confirmed that it remained solvent. However, the interim accounts also refer to the fact that it continues to face fundamental uncertainties over its mis-selling liabilities and, like all market participants, has had to operate in difficult economic conditions.