UK Treasury questioned over Lehman structured products response

During the debate it emerged that the Treasury has said that the products backed by the failed bank will not be covered by the Financial Services Compensation Scheme (FSCS) as the losses were due to "poor investment performance."

The motion was tabled by Ed Vaizey, the shadow minister for culture, media and sport and Conservative member of parliament (MP) for Wantage on May 7. The MP initially wrote to the Treasury in November 2008 to alert it to the plight of investors who had lost money after b

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