(2 weeks, 4 days ago)
Commons ChamberLet me state at the outset that the Opposition support the measures to uprate pensions in line with earnings and benefits in line with inflation. I am honoured, personally, to take part in this important annual ritual, which is never well attended but is always a high-quality debate. The traditional star of this debate is, of course, the right hon. Member for East Ham (Sir Stephen Timms), who this year has descended from the clouds of the Work and Pensions Committee to the sweaty arena of ministerial office. No one is more qualified than he to take the office that he now has. No one has more genuine expertise and compassion for the people that we all want to support than he, so I am very pleased that he is in this role. I just note in passing how much the House misses the expertise of departed Members. Paul Maynard, David Linden and Nigel Mills all used to take part in this debate to great value. I welcome my hon. Friend the Member for Hinckley and Bosworth (Dr Evans), who is taking up his position as a new star of this annual debate.
Despite the formality, it is an important debate, because it is an opportunity for us to take stock of the welfare and pensions system as a whole. As pensions and the triple lock were mentioned, I am happy to provide some clarification for the right hon. Gentleman. I think he has misunderstood, or our leader’s position has been misquoted, because we are not looking at cancelling the triple lock. It is his colleague, the new Pensions Minister, who has been very clearly quoted saying that the triple lock is a silly system and indefensible. I look forward to further clarification from Government Members.
As I understand it, the shadow Chancellor said that the triple lock is unsustainable. Do you agree with him on that point?
Clearly, there are questions about the long-term sustainability of our pensions system and our national insurance fund, but I think the shadow Chancellor was talking about the very long term, rather than the immediate situation that we are in. There is no intention, on the Conservative Benches anyway, to review the triple lock at this stage.
My hon. Friend is absolutely right. That was a key part of the reforms brought in towards the last part of the last decade, enabled by universal credit—a much simpler system. I am glad to say that we managed to reduce that taper significantly and to incentivise work.
Madam Deputy Speaker, I will try not to say “you” this time—I am sorry.
I would be genuinely interested to know what the Opposition’s position is on reform of the incapacity benefit system. It is a knotty problem. I know that when Opposition Members were in government, it was considered, but I am not clear what their position is at the moment. I know the Government are coming forward with proposals soon, so I would be genuinely interested to hear.
I am grateful for the opportunity. We had a whole series of plans that were sadly interrupted by the general election result, and I will come on in a moment to some of the suggestions I have for where the Government might go.