(13 years, 11 months ago)
Commons Chamber(14 years, 2 months ago)
Commons ChamberWill the Deputy Prime Minister tell the House what the average size of a public sector pension in the civil service is as we speak, so that we can understand what he means by “gold-plated”?
That is a matter for the Budget. As the Chancellor of the Exchequer has already announced, a former Secretary of State for Defence will be providing a review of public sector pensions. I think it is right to look at the fundamental balance between pension entitlements in the private sector, which have been cut back and have changed very dramatically—many people in the private sector, too, have been working shorter hours and taking, in effect, pay cuts—and the pension entitlements due to those in the public sector. It is the fair thing to do to look at pensions in the round. That is what this Government will do and what the hon. Lady’s Government failed to do for more than a decade.