Lord Brooke of Alverthorpe
Main Page: Lord Brooke of Alverthorpe (Labour - Life peer)Department Debates - View all Lord Brooke of Alverthorpe's debates with the HM Treasury
(7 years, 1 month ago)
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Baroness Neville-Rolfe
I am grateful to my noble friend. I will certainly look at the point without commitment.
Lord Brooke of Alverthorpe (Lab)
My Lords, I am not sure whether the Minister is old enough to qualify for the silly £10 a year Christmas bonus that most of the people in this Chamber will receive. Apparently it was introduced decades ago and if it had been updated with inflation it would now be worth £187 a year. Building on the suggestion of the noble Lord, Lord Lansley, why should that not be converted into savings rather than paid out, when many people do not know what it is about, why they are receiving it or what they do with it?
Baroness Neville-Rolfe
The noble Lord highlights that there are many good pension benefits in this country. I take his point but this is a difficult area in which to make sudden changes.