§ Mr. HammondTo ask the Chancellor of the Exchequer what steps he has taken to ensure that the Penrose Inquiry into Equitable Life will report as soon as possible. [105239]
§ Ruth KellyLord Penrose is independent of the Treasury. It is, therefore, for Lord Penrose to determine the procedures for his Inquiry, including the timetable for reporting to Ministers. Lord Penrose has said that his aim is to report to Ministers in June.
The Treasury has co-operated fully with Lord Penrose's Inquiry and has provided him with all the resources which he has asked for.