Baroness Hollis of Heigham
Main Page: Baroness Hollis of Heigham (Labour - Life peer)
Baroness Hollis of Heigham
My Lords, I am sure the Minister will agree that it would be highly desirable to extend the new state single pension to all pensioners if it can be done within the cost framework and the time limits available. However, does he agree that the new single simplified state pension will not only substantially tackle pensioner poverty but, equally important for the future, will mean that it is safe to save? It will lift people above means-testing, and therefore every penny of their savings will be enjoyed by future pensioners.
Lord Taylor of Holbeach
The noble Baroness is exactly right. Of course, that is what lies behind the Government’s proposals.