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Mr Peter Clowes

Volume 226: debated on Wednesday 16 June 1993

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To ask the Chancellor of the Exchequer if he will make a statement on the latest position with regard to the Government's litigation against Mr. Peter Clowes and Mrs. Pamela Clowes.

On 8 June, the High Court granted in favour of the Government an order for damages awarded against Mr. and Mrs. Clowes to the sum of £31 million. This meets the Government's claim against them for damages in full; the Government will pursue all available assets to meet the claim by all means available.The Government continue to pursue vigorously any claims which show the prospect of reducing the cost to the taxpayer of the

ex-gratia payments scheme for Barlow Clowes investors.