§ 23. Norman Lamb
To ask the Chancellor of the Exchequer if he will make a statement on the progress being made by the Penrose inquiry into Equitable Life. 
§ Mr. Boateng
Lord Penrose's inquiry is independent of the Treasury. The conduct of the inquiry is entirely a matter for him.
However, I understand that he is now in the process of drafting his report. He has said that he intends to report to Treasury Ministers later this summer.