Mineworkers’ Pension Scheme

Debate between Claire Perry and Jonathan Edwards

Thursday 14th February 2019 Commons Chamber

[Claire Perry]

I will, but I met the trustees last year. I think that they have done an exceptionally good job, and I shall say more about that later. We have discussed their proposals with them, and I am shocked to hear that they were told that a meeting was not available to them. A meeting will be available whenever they want it.

[Jonathan Edwards (Carmarthen East and Dinefwr) (PC)]

Was a review process written into the 50:50 split when the decision was made? If it was not, would not agreeing to a review now be the honourable thing for the Government to do, not least because the decision was made more than 20 years ago?

[Claire Perry]

This is a factual point with which I intend to deal shortly. The split has already been reviewed. It was last reviewed in 2002 by a Labour Energy Minister, who said:

“the trustees have been advised that the Government does not feel it would be right to adjust the current 50/50 surplus sharing arrangements.”

He also pointed out that markets could go up or down. In fact, in 2002, the scheme was in deficit, as it was again in 2008 and 2009. The then Labour Government decided that, given the future unpredictability of the scheme, it would not be correct to review the pension surpluses. So it is not correct to say that the decision has not been reviewed. Indeed, a Labour Government made the decision not to change the surplus sharing arrangements.

Oral Answers to Questions

Debate between Claire Perry and Jonathan Edwards

Thursday 11th June 2015 Commons Chamber

[The Parliamentary Under-Secretary of State for Transport (Claire Perry)]

I congratulate my right hon. Friend and his colleagues, my hon. Friends the Members for Hertford and Stortford (Mr Prisk), for Norwich North (Chloe Smith), for Ipswich (Ben Gummer) and for Chelmsford (Mr Burns), and my right hon. Friend the Member for Witham (Priti Patel), on leaving us in no doubt of the importance of upgraded, improved rolling stock on that franchise. We are looking at all rolling stock options as part of the process and high quality points will be awarded for proposals to upgrade the franchise. The invitation to tender will be provided to bidders in August of this year.

[Jonathan Edwards (Carmarthen East and Dinefwr) (PC)]

T3. Now that HS2 Ltd has declared that it sees no business case for extending the high-speed line to Scotland, will the Secretary of State confirm that it is now an England-only railway and that full Barnett consequentials for the devolved countries will be announced in the next comprehensive spending review?