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Tories call for investigation into Government actuaries

The Shadow Chief Secretary to the Treasury Howard Flight is calling for a full investigation into the operation of the Government Actuary&#39s Department after the publication of the Penrose report yesterday.

He says the degree and extent of the department&#39s maladministration must be established so that the question of compensation can be properly addressed. And he emphasises that the Treasury should make good losses directly attributable to negligence or incorrect interpretations by the regulatory authorities.

He says: “There can be no doubt that the report provides unambiguous and compelling evidence of regulatory failure at the operational level.”

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