Proceeding contribution from Lord Hutton of Furness (Labour) in the House of Commons on Thursday, 25 May 2006. It occurred during Ministerial statement on Pensions Reform.

Pensions Reform

I do not think so. For reasons that I have tried to spell out and that I do not want to repeat, it is absolutely essential to maintain additional targeted financial support for the poorest pensioners; to do anything else would be quite wrong. The hon. Gentleman’s preferred solution—the citizen’s pension—would cost the taxpayer an immediate £10 billion in 2010. Unless and until he and his hon. Friends can come up with a way of financing that proposal, we should treat it with a very large dose of salt.

Secondary information

Type: Proceeding contribution
Reference: 446 c1663
Session: 2005-06
Chamber / Committee: House of Commons chamber
Subjects: Age Women Insolvency Financial assistance scheme Index linking Pension credit Workplace pensions Pensions State retirement pensions Reform Retirement Average earnings Pensions Commission
Link: View this Proceeding contribution on www.publications.parliament.uk

Pensions Reform

Secondary information

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