The article in the Independent seems to have hit a nerve - here’s a summary of recent comments and reactions: (more…)
The list of unanswered questions is a long one, but at least the debate about compensation has reached the highest level, where it was previously only spoken about in hushed tones. Ed Foss asks - what comes next?
The issue of compensation - often referred to as ’social justice’ - has been on the lips of campaigners and government officials for years, albeit the latter almost exclusively in private. But this is the first time someone in such a high-profile position has aired such views in the public arena.
Lord Smith’s words are to be welcomed in part. After all, his comments raise the issue of compensation higher up the scale than it has ever been.
But they are also difficult to interpret. If there is to be a scheme of compensation, when will it happen, will it be retrospective and who will qualify? And perhaps most importantly, what form will it take - will it meet campaigners’ demands of 100pc of market value, or will the figures be too great for the taxpayer to swallow? (more…)