State Pension Age: Review

Bob Blackman Excerpts

Thursday 30th March 2023 Commons Chamber

[Mel Stride]

The hon. Gentleman will know that fiscal sustainability is one of the key issues that we examine in coming to these conclusions and in the work carried out by the independent assessor of these matters. If he has further specific questions about the impact of one particular set of decisions on the fiscal outlook over and above any other, I am happy to discuss those with him outside the Chamber.

[Bob Blackman (Harrow East) (Con)]

I warmly welcome my right hon. Friend’s announcement, because we are trying to encourage people to save for their old age and retirement, and it is important that people get as much notice as possible. However, there is a dilemma right now. One of my constituents contacted me to say that she had been saving £1,500 a month for her retirement, which was fixed for September 2022 when she was 67, but by the time she came to realise her pension, it had dropped by £25,000, so she was no longer able to retire. Worse still, she wanted to replace her car so that she could be compliant with the ultra low emission zone because of the Mayor of London’s ULEZ extension, but she can no longer afford to do so.

[Mel Stride]

My hon. Friend has landed a very important point, as I think he knows, and I will leave it there.