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 am grateful to my hon. Friend for his support, which is important to me. It is worth pointing out one fact. We are spending £11 billion more this year on pensioners compared with 1997, which is£8 billion more than an earnings link would have delivered. The Government have delivered on a very positive agenda for pensioners. This statement, however, is about long-term pension reform. Such reforms will start in 2010 and accelerate in the following decade. The decisions that we take today on improving pensioners’ standards of living are matters for my right hon. Friend the Chancellor.

Secondary information

Type: Proceeding contribution
Reference: 446 c1665
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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