State Pension Age (Women)
Debate between Marcus Fysh and Margaret Ferrier(8 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Marcus Fysh (Yeovil) (Con)
I have sympathy with people when their expectations change and I thank my constituents who have emailed me to highlight this issue. I shall start by looking at the background to it.
The longevity of our population is rising, which is a good thing. It is great to live longer and women live longer than men—
Margaret Ferrier (Rutherglen and Hamilton West) (SNP)
Will the hon. Gentleman give way?
Marcus Fysh
Not at the moment.
Women on average have a healthier longevity and that is increasing at a greater rate than it is for men. As a nation we spend a massive and increasing amount on our healthcare system and on our pension system in order to allow as many people as possible a happy retirement.
It was in 1908 that the Liberal Government under Lloyd George brought in the first provisions—[Interruption.] I am certainly not blaming the Liberals for that. A great man, Mr Churchill, was involved too. The age at which the state pension could be claimed was set at 70, compared with the average longevity of 55 at that time. That gives us some idea of the changes that have taken place since. In 1995 the retirement ages were raised so that they would be equal as between women and men in the future. That was further examined in the mid-2000s by Lord Turner. There was cross-party support for those ages to be raised further, given the increases in longevity that I mentioned.
Under the coalition Government, when I was not in Parliament, a decision was taken, based on further increases in longevity, to raise the retirement age even faster for a few people. One of the principles behind all the recent changes was the affordability of the system overall. We have heard that it would cost £39 billion to reverse those changes. That liability would apply to all age groups, and it would be unfair for us to continue to burden younger generations with extra taxes in order to make more concessions than we have already.