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Pensions Bill

It is because people who contribute to the personal accounts will be better off. The position that the hon. Member for Epsom and Ewell has adopted represents a breach with that of his predecessor, the hon. Member for Runnymede and Weybridge, who I think understood the impact of the savings credit—the hon. Lady needs to look that up—to reward pensioners on low incomes who have saved for their retirement, which contrasts with the situation that we inherited. I still do not understand, first, why the hon. Member for Epsom and Ewell has changed his party's position from that adopted by his predecessor, who supported the Bill—he has provided no explanation for changing it, except opposition for opposition's sake—and, secondly, what the alternative policy is. Logic suggests that the alternative policy is to say, ““Well, it's up to people just to take their chances. They'll have the safety net of pension credit, but they won't contribute to their own pensions and they won't have the chance of getting a much better pension outcome,”” which also answers the hon. Lady's question.