The government avoided giving any concrete details on how it would deal with the Chester Street fiasco during questioning in the House of Commons last Thursday (May 3).

Tynemouth MP Alan Campbell asked if there were plans to institute a Department of Trade and Industry inspector's inquiry into the insurer's collapse, and what assurances the government could give that all asbestos victims would receive proper compensation.

However, small business minister Patricia Hewitt only said that the government was working with the insurance industry to ensure “matters are put right”.

She gave no details as to how this would be done.