(2) when the Financial Secretary will respond to the letter from the right hon. Member for West Derbyshire of 31 March 2009 on the KSFIOM Depositors Group.
The current economic and financial situation has given rise to a huge increase in the volume of correspondence received over the last 12 months in particular. There has been an increase of over 100 per cent. in Members’ correspondence over the previous 12-month period, creating a considerable backlog, which HM Treasury is in the process of clearing. The hon. Member’s correspondence was unfortunately part of that backlog and we apologise for the delay.