Mineworkers’ Pension Scheme
Debate between Stephanie Peacock and Claire Perry(5 years, 9 months ago)
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Claire Perry
This is a factual point with which I intend to deal shortly. The split has already been reviewed. It was last reviewed in 2002 by a Labour Energy Minister, who said:
“the trustees have been advised that the Government does not feel it would be right to adjust the current 50/50 surplus sharing arrangements.”
He also pointed out that markets could go up or down. In fact, in 2002, the scheme was in deficit, as it was again in 2008 and 2009. The then Labour Government decided that, given the future unpredictability of the scheme, it would not be correct to review the pension surpluses. So it is not correct to say that the decision has not been reviewed. Indeed, a Labour Government made the decision not to change the surplus sharing arrangements.
Stephanie Peacock
The Minister will acknowledge that that review took place quite a few years ago, when the scheme was in a very different state. Given that there are now more than 150,000 fewer former miners and their widows, the risk for the Government is substantially less than it was then.
Claire Perry
The hon. Lady has made a valid point but, as she has also said, if the scheme had been reviewed at that point, many more thousands of people would have received a higher pension. The decision not to conduct a review was made partly because of the volatility that is inherent in a scheme for which the Government act as guarantor, and partly because, notwithstanding the idea that this is cash that sits in the Government’s coffers, the Government have no money of their own. In many instances, the money that has come into the scheme has been spent directly in the coalfield communities. We have spent more than £1 billion —[Interruption.] Hang on. We have spent more than £1 billion of Government money in the coalfield communities over the last 20 years, and we have committed an additional £70 million since 2010. The point is that, if money comes to the Government, it is part of the Government’s general receipts and can then be recycled. That money has contributed to the benefits that many other pensioners have received.
Shale Gas Exploration: Planning Permission
Debate between Stephanie Peacock and Claire Perry(6 years, 2 months ago)
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Claire Perry
The hon. Lady shakes her head, but she should check the number of responses she will get. As I have set out, based on the public polling data, the vast majority of people do not have a particular view on this issue. Many people understand, especially after the “beast from the east” and the Salisbury poisoning, that being reliant on foreign energy sources is not a great place for us. If the hon. Lady shares my faith in the Committee on Climate Change and its view that gas is an important part of a low-carbon future, she will know that many responses come from organisations that are profoundly opposed to ever burning a molecule of fossil fuel. That is not a sensible place for our energy policy to be in.
Stephanie Peacock (Barnsley East) (Lab)
The constituency I represent has a history of coalmining; it once powered a nation. However, the people I represent do not think that fracking is an alternative to a meaningful industrial strategy. Why should my constituents be asked to take a huge leap of faith on behalf of fracking companies?
Claire Perry
I am sure that the hon. Lady engages extensively with her constituents. I spend a lot of time talking to communities, and to the representatives of former coalmining communities. In many cases, they are convinced that shale gas exploration could bring high-value jobs and economic development safely to parts of the country that have been left behind by successive Governments.
Oral Answers to Questions
Debate between Stephanie Peacock and Claire Perry(6 years, 4 months ago)
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Claire Perry
I commend my hon. Friend for fighting tirelessly for his constituents. I basically reassure him that, through the industrial strategy—it, of course, sets out our long-term plan to boost productivity and earning power across the country—we are supporting the development of local industrial strategies to drive up productivity, because productivity increases are what drive pay increases.
Stephanie Peacock (Barnsley East) (Lab)
Given the Court of Appeal’s decision last Friday, will the Government now urgently bring forward legislation to end the uncertainty and to enshrine the right of all workers on all shifts to the national minimum wage, including for careworkers’ sleep-ins?
Claire Perry
The hon. Lady makes a powerful point. I know from my own constituents the difficulty that the original decision has provided both for employers and for workers. I am afraid that I cannot answer her question from the Dispatch Box, but I will take it away and write to her.