Local Sporting Heroes
Debate between Chris Evans and Nick Smith(6 years ago)
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Nick Smith (Blaenau Gwent) (Lab)
I beg to move,
That this House has considered the importance of local sporting heroes.
It is a pleasure to serve under your chairmanship, Mr Pritchard.
This debate is about recognising local heroes. We are lucky to have bags of them in Blaenau Gwent—Nye Bevan, for one—but it is those from the field of sport who I will look at today. They are people such as Sam Cross, the Olympic medallist from Brynmawr; Ashley Brace, the female super-flyweight boxing champion from Ebbw Vale; and Mark Williams, the three-time snooker world champion from Cwm.
Nick Smith
We had a vote on that in the Whips Office and we all agreed that it was; I think it is. However, I will focus on one local sporting hero in particular and that is Steve Jones.
Mineworkers’ Pension Scheme
Debate between Chris Evans and Nick Smith(6 years, 11 months ago)
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Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Nick Smith
My hon. Friend makes a really good point that gets to the nub of the question we are considering.
I called for the debate following the productive meeting that Labour colleagues and I had with the scheme trustees recently. At the meeting, we looked at ways of improving outcomes for the scheme’s members, and I am grateful to my hon. Friend the Member for Ashfield (Gloria De Piero) for organising it.
On the scheme itself, in 1994, there was an agreement between British Coal pension trustees and the Government. The Government made a guarantee that any pensions earned up until privatisation were safe and would not fall in cash terms. In return, if the schemes were in surplus and doing well, that surplus would be split 50:50, with half going to scheme members and the other half to the Government. The sharing of the surplus is at the heart of our discussion.
Since 1994, the Government have taken £3.5 billion out of the scheme, without making any payments into it. It could be argued that £830 million of that was British Coal’s original share of the surplus being paid back to the Government—I sort of get that and it is a fair point.
Chris Evans (Islwyn) (Lab/Co-op)
I am glad that my hon. Friend mentions British Coal. He will know that British Coal made no employer contributions between 1987 and 1995, when a Conservative Government were in power. Does he agree that that was an error by that Government that clearly proves that, in their time in government, they did not care about ex-mineworkers?