Oral Answers to Questions

Nicholas Dakin Excerpts

Wednesday 8th June 2011 Commons Chamber

[The Prime Minister]

I do understand the point that the hon. Lady makes, but let me make this point. First, in general, the reason for raising pension ages is twofold: one is that we are seeing a huge increase in life expectancy, but the second point is that we want to ensure that we can fund really good pension provision for the future, and if we do not do this, we will not be able to. Let me repeat the statistic: four fifths of the women affected by the proposals will have their state pension age increase by a year or less. The reason, as she says, that there is this difficulty is that those two things—the equalisation of the pension age and the raising of the pension age—are coming together, but that is enabling us to link the pension with earnings, thus meaning that people will be £15,000 better off than they were under Labour’s plans.

[Nic Dakin (Scunthorpe) (Lab)]

Q8. Given 1,200 job losses at Tata in Scunthorpe and further job losses in the private and public sectors in north Lincolnshire, will the Prime Minister meet with the taskforce chair and local MPs, so that he can understand how his Government can help the local economy face these demands positively and respond positively to future challenges?

[The Prime Minister]

I shall be happy to do that, because I am extremely disappointed—as I know the hon. Gentleman and others are—by the job losses in Scunthorpe. I spoke personally to Ratan Tata about the decision.

Tata Steel is still hugely committed to the United Kingdom. It is still investing hundreds of millions of pounds in our country, which I think is wholly welcome. Obviously, however, what has happened in Scunthorpe is not welcome, and we must do all that we can to bring the taskforce together—I know that my right hon. Friend the Business Secretary is doing that—to ensure that we do everything we can to mitigate the impact on local jobs and local communities.