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Pensions Reform

As the hon. Gentleman knows, the Chancellor keeps all taxation issues under regular review. When this matter was considered in the course of the Pension Commission’s work, it decided not to make any recommendations, at least in part because of the complexity of the system. However, those are matters for my right hon. Friend the Chancellor. Taken as a whole, the measures that we propose in the White Paper are affordable and sustainable over the long term because we have not been prepared to avoid making those difficult decisions.