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Pensions Bill

I want to have one last brief go at this point, and then I shall allow the Minister to move on. The Government still have not stated clearly why they do not want to allow FAS beneficiaries to receive benefits at the Pension Protection Fund level. We Liberal Democrats have put forward a range of options for funding that, and the financial cost would be slim, given the figures that we have heard mentioned in the Lords, such as £25 million a year for the first 10 years. If the issue is purely a financial one, that figure seems like pretty slim pickings, given that we have just heard that billions more are to be spent on aircraft carriers.