David Nuttall
Main Page: David Nuttall (Conservative - Bury North)Department Debates - View all David Nuttall's debates with the Department for Work and Pensions
(8 years, 8 months ago)
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Mr Duncan Smith
I am sorry that the hon. Lady takes that view. We have rising life expectancy. We have people earning more in jobs. We have more people in work. We have more people saving, and preparing for their retirement, than ever before. We have a pension coming in that means they will not get means-tested. I have to say that I am optimistic on those grounds. I do not, however, blame her for being pessimistic because if I was sitting on the Labour Benches today, I would be really pessimistic.
Mr David Nuttall (Bury North) (Con)
Will my right hon. Friend reassure my constituents approaching retirement age that the headlines splashed across this morning’s papers—in one case, saying that people will be required to work until they are 81—have no basis in fact whatever, given that this is just the start of the review and that no conclusions have been made, let alone agreed by the House?
Mr Duncan Smith
I agree with my hon. Friend. The reality is that this independent review will look at all of that. The papers have to make their own decisions—I will not be critical of them—but I would simply say that they cannot extrapolate from the announcement of a statutory independent review and say that it will somehow have certain implications for the retirement age going forward. All I would say is that it is necessary to get the balance right between people who are paying for those who have retired and people who have retired and are saving. It is the job of the Government to get that right, and I hoped it would be approached more consensually across the Floor of the House.