Oral Answers to Questions

Lindsay Roy Excerpts

Wednesday 8th June 2011 Commons Chamber

[The Prime Minister]

My hon. Friend was being shouted down because the Labour party does not want to hear what the International Monetary Fund said about the British economy. It said:

“Strong fiscal consolidation is underway and remains essential to achieve a more sustainable budgetary position”—

[Interruption.] Members ask me to read the rest, and I will read the rest. The IMF put the question specifically:

“This raises the question whether it is time to adjust macroeconomic policies”—

the question put by the Labour party—and it said this: “The answer is no”. The IMF could not be more clear in backing the policies that we are pursuing to get this country back on track.

[Lindsay Roy (Glenrothes) (Lab)]

Q4. What message does the Prime Minister have for the hundreds of women in my constituency in their mid-50s who feel that they have been unjustly thwarted by the extension of their retirement age, contrary to the coalition agreement?

[The Prime Minister]

What I would say is that the first decision was taken in 1995, when there was all-party agreement that we should equalise men’s and women’s pension ages, and that was done over a long period of time. The second point is that it is right to lift the pension age for men and women to a higher level more rapidly than the last Government decided. However, the key fact is that 85% of the women affected are going to lose one year or less in terms of their pension. The last point that I would make is this. Because we have linked the pension to earnings, people who retire today will be £15,000 better off than they were under the policies of the last Government.