Proceeding contribution from Kelvin Hopkins (Labour) in the House of Commons on Tuesday, 17 July 2007. It occurred during Debate on bill on Pensions Bill.
Pensions Bill
I support my hon. Friend. The amount of public money involved has been estimated at £20 million for the first year, although it might rise beyond that. The amount of money that we lose every year from tobacco smuggling alone is £2.5 billion, more than 100 times that amount. There is also VAT carousel fraud and mistakes in benefits. Hundreds of millions, if not billions, of pounds are lost or wasted every year—money that could easily pay these tiny amounts of money.
Secondary information
- Type
- Proceeding contribution
- Reference
- 463 c217
- Session
- 2006-07
- Chamber / Committee
- House of Commons chamber
- Subjects
- Company liquidations Assets Bank services Annuities Insolvency Financial assistance scheme Personal savings Low incomes Pensions Personal pensions Pension funds Pension Protection Fund State retirement pensions
- Legislation
- Pensions Bill 2006-07
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 11:43:57 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_411644
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