(5 years, 3 months ago)
Commons ChamberMy right hon. Friend makes an important point. He talked about it in the context of health, but we could apply it to the spending of many other Departments. He is absolutely right that as we allocate this new spending, especially if it is multi-year funding amounting to billions of pounds, it is imperative that we make sure every penny is spent wisely. That work is done jointly with the Department, but also in a unit in the Treasury. We will have a laser-like focus on efficiency, and if we need to take action we will not hesitate.
The Chancellor did not mention families who are today hungry and facing destitution; those families have suffered cuts of £1,200 in benefits. What message would he like to send them today?
Although the House is naturally concentrating on steel jobs and steel pensions, the Secretary of State must be aware that there are thousands of other schemes, covering millions and millions of members, that are equally difficultly placed at the current time, and I am sure he will find it difficult to gate this to just one scheme. Therefore, may I make a plea that, when we return from our short break, we have an opportunity to discuss the longer-term repercussions of the announcement he has made today so that there can be a feeling in the House as to what the next moves might be to defend what has been one of the great successes of the welfare state—occupational pensions?
I always listen carefully to what the Chairman of the Work and Pensions Committee has to say, particularly on this type of issue, and I would be happy to meet him to discuss this further. He makes a very important point: this should not be seen as a general look at pensions rules. We are lucky, as a country, to have a very robust pension system; when things do go wrong, there is a lifeboat that works. However, as I said earlier, this is very much about this scheme, although I would be happy to discuss this further with him.