Pensions Bill [Lords]

Debate between Stephen Metcalfe and Jenny Willott

Tuesday 18th October 2011 Commons Chamber

[Jenny Willott]

I am really sorry, but I cannot tell the hon. Lady where the Minister has found the money. I am sure that if she asks him the same question later, he will respond.

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

I am sure we all have great sympathy with the women who have been most adversely affected by the changes, but do you not agree that the Labour party’s argument would be far more credible if it were able to tell us where it would make up the difference? Then we would be able to decide on the matter, as opposed to being told, “It is only £11 billion, we should find it from somewhere else.”

[Jenny Willott]

I completely agree. There is strong feeling throughout the House that in an ideal world, none of us would want to see the problem exist. We all accept that the state pension age will have to increase, because we are living longer and there is a black hole in the finances. I have said that in an ideal world, I would like to see the increase capped at 12 months, but we are not in an ideal world and we have to find a compromise that is workable and affordable. I appreciate that there are women who will be negatively affected by today’s proposals, and I am sure that we all have huge sympathy for them. However, I am glad that the Government have found the resources needed to mitigate the difficulties faced by those who are most severely affected.