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Social Security

We have tried to get the balance right between a fair pension system for all and ensuring that the most vulnerable people get the help that they need. As I said earlier, the extra assistance that we have made available to people on pension credit—and the savings element of it—is far more generous than that under previous Administrations. We are considering a comprehensive package of help for pensioners. We have a robust foundation on which to redouble our efforts to do more. We can do even more by looking to the longer term, planning for the future and making the right choices to answer the questions posed by demographic change and turning challenge into opportunity. The Pensions Act 2007 and the Pensions Act 2008 have laid the foundations for pension reform, backed by positive consensus. The Welfare Reform Bill will ensure that support is matched by responsibility. That is especially important in an economic downturn. The cost of uprating benefits for next year is nearly £6.2 billion and almost two thirds of that will go to pensioners. That is significant investment which recognises that it is right to protect the most vulnerable in society, especially in times of economic hardship. On top of our active efforts to increase benefit take-up, the money represents genuine help and action now, when it matters most. That is the right approach, and I am therefore pleased to commend the orders to the House.