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Pensions Bill

It was a reference to the fact that some people could be eligible for the six-year extension, but it may not be considered to be in all their interests. We arrived at the 20 per cent. figure based on that and on previous exercises. Obviously, it is for individuals to decide whether they feel that they would benefit, but we estimate that we will end up with a figure of about 20 per cent. I am sorry that the hon. Member for Northavon (Steve Webb) feels that his parliamentary question has not been answered, and I shall have another look at it. I asked officials to look today at the £3 billion and £2 billion issue in order to respond to his points. However, it is very difficult to go back—right back—to 1978 and calculate the increased costs. In effect, we have given the minimum estimated cost, going back only to 2004. If we went back a further period, as I think his question asked us to, the cost would, indeed, be higher. I shall try to get as accurate a figure as I can, but I wanted to give him a minimum figure this evening. In view of the time, I shall not reiterate my previous arguments. I understand the hon. Gentleman's points, but we estimate that the cost of accepting his amendment would be at least £5 billion, and we want to target help where it is most needed. Our amendments have been widely welcomed, so I am afraid that I must reject his amendment and commend the others to the House. Lords amendment agreed to. Lords amendments Nos. 153 to 177 agreed to [some with Special Entry].