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Occupational Pensions

The hon. Gentleman is not listening; I said that the right hon. Member for Wokingham was making a different point. He had abandoned the point that the hon. Member for Runnymede and Weybridge just made, and was making the point that the dividend tax credit cut had somehow affected stock market value, and that that was why there was a pensions crisis. So the right hon. Member for Wokingham was making a different point, but what I am saying to the House is that even that point was wrong because the stock market recovered under current conditions. Logically, it could not have done so if the right hon. Gentleman had been correct in his assertion. In an intervention on the right hon. Member for Charnwood, I made the point—and the right hon. Member for Wokingham emphasised this—that the one thing on which no one in the House has been able to agree tonight is the figures that are attached to the alleged raid. I may not have noted all the figures put forward by various Members, but none of the figures that I have heard agree. There has been mention of £550 billion, £79 billion, £54 billion and £100 billion, and somebody even put forward a figure of £1,000 billion.