Mineworkers’ Pension Scheme

Kevin Barron Excerpts

Thursday 14th February 2019 Commons Chamber

[Gloria De Piero]

Absolutely, and the Government have made far more money than was ever forecast.

[Sir Kevin Barron (Rother Valley) (Lab)]

I am grateful to my hon. Friends the Members for Ashfield and for Barnsley East (Stephanie Peacock) for raising this matter. The calculation made in the privatisation in 1993-94 was done on the basis that a lot of coal mines were still open at that time. Clearly that is not the case now. This is a milk cow for Government. I do not know how many years the Government are going to keep looking at this to try to get some sense for it, but what is happening is wholly wrong. People can quote the increases in miners’ pensions, but often a lot has been lost because these people are on means-tested benefits to start with. We should recognise that.

[Gloria De Piero]

My right hon. Friend makes a very good point from a wealth of experience of campaigning on this issue.

I, Labour colleagues from other coalfield constituencies, the National Union of Mineworkers, other campaigners and, crucially, the trustees of the mineworkers’ pension scheme—the Minister shook her head when my hon. Friend the Member for Barnsley East raised that point, but I and other colleagues have met them and they have told me to my face, “This is not right”—know that this is unfair and that the schemes need to be renegotiated. Approaches have been made to the Department for Business, Energy and Industrial Strategy, but no meaningful efforts to engage have been made by the Government. That has to change and quickly, because the number of MPS pensioners is decreasing every year. Action needs to be taken now, so I ask the Minister to commit to giving ex-miners a fairer share of their pension fund surpluses now.