(8 years, 8 months ago)
Commons ChamberMy hon. Friend makes an important point on intergenerational fairness, about which a debate is emerging. If he looks at the changes to the state pension, half a trillion pounds is being saved over the next 50 years as a result, so the burden is being spread across generations, but there is an important debate to be had.
I welcome the Secretary of State to his new role and genuinely wish him all the very best of luck. I suspect he realises that he will need it. The problem is that there is a sense of double -unfairness in the Budget. Not only were taxes cut for the better-off while the burden on disabled people increased, but better-off pensioners were again completely protected while working-age people suffer another cut. Does he set himself completely against looking again at the problem of inter generational fairness?
My intention, very simply, is to look at all these questions with a fresh pair of eyes and with the support of a fantastic team of Ministers around me. The point the right hon. Gentleman is making is similar to the one just made by my hon. Friend the Member for Peterborough (Mr Jackson), and my answer is the same at this moment in time.