State Pension Triple Lock

John Hayes Excerpts

Tuesday 8th November 2022 Commons Chamber

[Sir John Hayes (South Holland and The Deepings) (Con)]

I am delighted that the right hon. Gentleman, who by the way—and I do not want to lower his reputation on his own Benches—is a friend of mine, has given way. He knows very well that today is not about a lasting decision by Government but about political theatre. When we vote this afternoon, we will not be voting for what happens in practice; we will be voting because Labour has chosen to try to make political capital out of a difficult issue. I simply say to him that if the Government were to propose breaking that promise, they would not have my support, and they know that, by the way. I would stand by the triple lock. But will the right hon. Gentleman just answer this: was he not the adviser to the former Labour Chancellor Gordon Brown, who awarded pensioners a 50p increase?

[Jonathan Ashworth]

On the latter point, the right hon. Gentleman will recall that the state pension rose by over 50% under the last Labour Government and has risen by around 40% under this Government. I do not want to make an enemy of the right hon. Gentleman, because I know that he agrees with me; I read his comments in the Daily Express yesterday. Indeed, I suspect that he will agree with probably 90% of my speech—so much so that I was tempted to email it to him in advance of this debate, but I did not want to be removed from the Front Bench.

Let me make a bit of progress. The real-world impact in our constituencies of cutting the state pension again means more and more pensioners turning to food banks and more pensioners shivering under blankets in cold, damp homes, putting themselves at risk of hypothermia. It means more pensioners cutting back, at a time when they have already had to swallow a real-terms cut in the state pension of around £480. Breaking the promise on inflation uprating for next year amounts to a further real-terms cut in the value of the full state pension of £440. We are talking about a £900 cut, around £37 a month in the fixed incomes of Britain’s retirees; a cut in the fixed incomes of groups of the population who cannot easily earn a wage; a cut in fixed income when one in three relies solely on the state pension; and a cut that is punishing at the best of times, but is more devastating when prices are rising and energy bills are increasing.

--- Later in debate ---

[The Secretary of State for Work and Pensions (Mel Stride)]

Can I open by saying that it is a pleasure to at last stand opposite the right hon. Member for Leicester South (Jonathan Ashworth) in debate at the Dispatch Box? We have heard a lot of sound and fury from the Opposition Benches, but not much illumination and light. Indeed, the entire speech was predicated on a perceived answer to the question that he has put in the motion—namely, that we will short-change pensioners in some way—and that is far from necessarily the outcome we will see.

The right hon. Gentleman’s speech started pretty well—he read out the motion and so far so good—but it was on the intervention of my right hon. Friend the Member for South Holland and The Deepings (Sir John Hayes), who claimed him as a close friend, that he started to go down hill and lose his politics bearings. I should just correct my right hon. Friend, who I think was being over-harsh on Gordon Brown by suggesting that, in 1999, Labour put up pensions by 50p. It was, of course, 75p—a full 50% more than he suggested.

[Sir John Hayes]

I am immensely grateful to my right hon. Friend for correcting the record. I did say we were friends and I was trying to be generous to the right hon. Member for Leicester South, but adding the extra 25p would have come as cold comfort to the pensioners who suffered under Labour. We should remember that the triple lock was a Conservative policy, which is why we must stand by it.

[Mel Stride]

I thank my right hon. Friend, and given the impact his intervention had on a speech that deteriorated very rapidly thereafter, he will now be my secret weapon in every debate now; he will be there, poised.