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Occupational Pensions

We have just raised the figure from £2 billion to £8 billion. We have made it possible for every one of the 125,000 people who have lost out to benefit. Is the hon. Gentleman repeating what the shadow Chancellor has said, that there will be no extra funds for pensions, or is he demanding that the shadow Chancellor produce extra funds for pensions? Perhaps Opposition Front Benchers—in particular, the shadow pensions spokesman—will clarify in the course of this afternoon whether they are offering new money or whether they are sticking to the shadow Chancellor’s pledge that there will be no new money at all.