Monday 9th June 2025

(3 days, 16 hours ago)

Commons Chamber
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Torsten Bell Portrait Torsten Bell
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My hon. Friend raises the important issue of the complexity of pensioner poverty. I will just give one example, which does not get mentioned in these discussions often enough. The growth rate—the value people are getting; the returns on every pound saved into a private pension—absolutely needs to be as strong as possible. Private pensions support the living standards of our pensioners. We need a pension industry that is focused on driving the best possible value for savers.

Neil Shastri-Hurst Portrait Dr Neil Shastri-Hurst (Solihull West and Shirley) (Con)
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There appears to be universal support for this damascene conversion by the Government. Last year, they told pensioners that the right course of action was to scrap the winter fuel payment for millions, but they are now telling them that a means-tested system is right, so how can pensioners possibly believe anything that the Government say?

Torsten Bell Portrait Torsten Bell
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Did we actually get a Conservative party policy there? Is the hon. Member saying that the Conservatives support today’s announcement? [Interruption.] That is a no. We do not have an answer yet, after an hour and 10 minutes, on what the Conservative party’s policy is. I can give him the answer that he would like: yes, we will provide certainty that this is the policy of this Government.