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Pensions Bill

I support the amendment. During my Second Reading speech, I drew attention to the importance of the inflation rate and I asked the Minister a few questions, which he did not really address in his summing up. It is clearly important that earnings rather than prices are the basis on which the changes are to take place. I, too, had a letter from David Yeandle, and I agree with the points that he made. I hope that a little more information on these points will come from the Minister because whatever the rate of inflation—and we are a bit worried about it at the moment—it will clearly make a huge difference to whatever decision we make about any aspect of pensions.