Proceeding contribution from Stephen Lloyd (Liberal Democrat) in the House of Commons on Thursday, 1 March 2012. It occurred during Backbench debate and e-petition debate on CPI/RPI Pensions Uprating.
CPI/RPI Pensions Uprating
I appreciate the hon. Gentleman's reminder that percentages can be a wee bit obscure and it is better to talk in absolute numbers. The 5.2% on the basic state pension equates to £5.30 a week. On the particular issue the hon. Gentleman raises about his constituent in the fire service, later on I have a specific question about the basic state pension that I will be putting to the Minister to get some real clarity, not just on percentages but on numbers. For those on the basic state pension, £5.30 a week is a substantial amount. To raise the state pension by the largest amount ever at this time in the cycle, in such economically challenging times, is a good thing. I would certainly compare it, as a number of my hon. Friends have, with the 75p increase introduced X years ago by the then Chancellor, the right hon. Member for Kirkcaldy and Cowdenbeath (Mr Brown). The second bit of context concerns the restoration of the link to earnings. I know that there was a bit of to-ing and fro-ing earlier about that issue, but as the hon. Member for Bolton North East (Mr Crausby) reminded us, it was cut by Mrs Thatcher in the '80s. I think it was a mistake then, but all these years later we have restored it. With respect to the hon. Gentleman, the previous Government had 13 years to restore it but did not do so. Whether he likes it or not, I believe he should give us credit for it. The restoration of the link to earnings is very important.
Secondary information
- Type
- Proceeding contribution
- Reference
- 541 c466
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Civil service Judgements Local government NHS Police Workplace pensions Public sector Teachers Uprating Retail prices index Consumer prices index
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- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 15:52:20 +0000
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