Equitable Life redress scheme costs Treasury £2.6m in three months

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The Treasury has spent more than £2.6m on administering the Equitable Life payments scheme (ELPS) in the three months to November, government figures have shown.

Treasury expenses data for November last year (£25,000+) revealed that operational costs of the scheme in August and September alone cost the government £2.2m, while it spend £350,000 on 'implement...

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