Equitable Life (Payments) Bill

I completely accept that that is what it says in the detail of the ombudsman's report, but it does not say that in the pledge that the hon. Gentleman signed. In an electoral context, he raised the hopes of many of his constituents. He may be able to face them and say, ““Absolutely, I am fulfilling what I promised.”” If he feels that and they are happy with it, they will re-elect him, and everybody will be happy and ride off into the sunset, but I have a feeling that some policyholders will continue to be discontented with the Government's position. It certainly did not say, either in the manifestos or in the pledge that he signed, perhaps scribbled in a little addendum, ““Oh, by the way, we are going to give you only a fraction of the £4.5 billion to £6 billion that you understand as the relative losses.”” That is simply not there. I am not claiming, because I did not sign that pledge, to have raised those hopes, but Members on the Government Benches did.