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Occupational Pensions

Recent research shows that the figure was never £5 billion. The sum was accompanied by tax cuts for business, and it may well be not much more than half of the widely quoted figure. Finally, the hon. Gentleman argued that Governments must always accept the findings of the parliamentary commissioner, but that was certainly not the way in which the previous Tory Government used to respond. I simply draw his attention to his party’s rejection of the Barlow Clowes report. If he wants to be credible, he must be consistent, but he has no consistency whatsoever.