(12 years, 11 months ago)
Commons ChamberI remind the hon. Gentleman that under the scheme put in place by the Labour Government, there would have been an increase of £1 billion in the contribution paid by public sector staff towards their pensions in April next year in any event. The proposal we are making is only slightly ahead of that, and we are exempting large numbers of low-paid workers from the effects of it. I repeat that 750,000 low-paid public sector workers will have no increase in their contributions as a result of the specific protections that the coalition Government have put in place.
Given that only one in 10 low-paid private sector workers could afford anything like the pension arrangements for comparably paid people in the public sector, does my right hon. Friend agree that urgent reform is necessary if we are to have anything like fairness for all?
In his report, Lord Hutton made it clear that he did not want public sector pension reform to be a race to the bottom, and we totally agree with that. We want as many people as possible to have access to a decent pension in retirement, but we want the public sector pensions that persist after reforms have been put in place to continue to be decent pensions that are sustainable for the long-term future. That is what we are aiming at, and that is what we will achieve.
(13 years, 4 months ago)
Commons ChamberI should make it clear that this is only the beginning. The issue is not only benefit or tax fraud but procurement fraud. My right hon. Friend the Secretary of State for Transport is undertaking a pilot on supplier fraud in his Department, and it is already yielding significant returns. If the previous Government had been as concerned with eradicating fraud as we are, the public finances would not perhaps be in the mess they are in.
7. What progress he has made on establishing a big society bank.