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Pensions Bill

It strikes me that the Government Benches are grasping at straws to try to claim the credit for a policy that they will announce in the summer but which is ours today. Representing many of the people affected by the collapse of schemes, I find that disappointing. In trying to denigrate our claims of financial prudence, the Minister said that he does not know whether his £8 billion forecast is accurate. Would it not be fair to say that if there were more unclaimed assets than he expects, we could save the taxpayer money so we might not have to finance 80 per cent. of the FAS commitment? There might be more money in unclaimed assets, thus saving the Treasury money for my hon. Friend the Member for Tatton (Mr. Osborne).