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Proceeding contribution from Mike O'Brien (Labour) in the House of Commons on Monday, 7 January 2008. It occurred during Debate on bill on Pensions Bill.


Pensions Bill

Let me just finish dealing with the hon. Member for Epsom and Ewell; I may then deal with the hon. Gentleman. The hon. Member for Epsom and Ewell and his colleagues kept talking about the Government's models. The Government do have a computer system that forecasts pensioner incomes up to 2050, but it has taken on almost mythic status in the interventions we have heard from the Opposition during the course of the debate. They told us that they cannot come up with any proposals because they do not have access to the computer. Our system is one of a range of models we use to tell us how people might end up in 2050 with regard to pension credit. It does not model behavioural changes arising from policy decisions and, to the best of my knowledge, the Pensions Policy Institute one does not either. My predecessor, my right hon. Friend the Member for Stalybridge and Hyde (James Purnell), discussed making the Department's models available to the Opposition so that they could model their proposals, and neither party has taken us up on that offer. The Opposition can make their proposals; we are happy to run them through the system. They could see the results and so could we.


Secondary information

Type
Proceeding contribution
Reference
470 c125 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Costs Advisory services Women Pension credit Personal income Workplace pensions Poverty Pensions Personal pensions Means-tested benefits Pension funds State retirement pensions Small businesses Reform National employment savings trust scheme
Legislation
Pensions Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk