Business of the House

Stephen Metcalfe Excerpts

Thursday 3rd April 2014 Commons Chamber

[Mr Lansley]

I know the hon. Gentleman was in his place during Energy and Climate Change questions just now when these issues properly were raised. I cannot endorse the point he makes. It is important for people to be aware of the fact that the pension fund for any set of employees is designed to give them the maximum financial security in their old age. It is not intended necessarily to be an investment to be used simply in relation to their existing employment. Considerable risks are associated with that. None the less, these are matters for the trustees of any individual pension fund, but as he has raised these issues I will raise them once again with my hon. Friends at the Department of Energy and Climate Change, who are in continuing discussions with the trade unions and the businesses concerned.

[Stephen Metcalfe (South Basildon and East Thurrock) (Con)]

As we heard yesterday, Visteon pensioners have announced that they and Ford have agreed in principle a multi-million pound deal to settle claims for pension losses suffered by former employees. Since my election, I, the Visteon pensioners and the all-party group on Visteon pensioners in their support—and with your co-operation, Mr Speaker, which I am grateful for—have been fighting for justice. Will my right hon. Friend therefore consider holding a debate that will enable interested Members to celebrate this great result, thank Ford for finally doing the right thing and, of course, congratulate Visteon pensioners on their dogged determination and, hopefully, delivering the justice they so rightly deserve?

[Mr Lansley]

I am grateful to my hon. Friend for that question, and it allows us further to reinforce the point my right hon. Friend the Prime Minister made about paying tribute to those who have campaigned and welcoming what has been offered now by Ford. I particularly pay tribute to my hon. Friend for leading the debate on 12 December last year on these issues. It is something of a novelty to be invited to have a debate not in order to ask for something, but to celebrate that something that has been asked for has been achieved. It leads us into new and happier territory for debates in this House. I cannot immediately promise that, but it is an engaging thought.