Oral Answers to Questions Debate
Full Debate: Read Full DebateDepartment: Department for Work and Pensions
Steve McCabe
Main Page: Steve McCabe (Labour - Birmingham, Selly Oak)Department Debates - View all Steve McCabe's debates with the Department for Work and Pensions
(8 years, 2 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Speaker
Order. I do not want to keep our VIPs waiting too long—and they are our VIPs today—but there are a couple more Members whom I wish to accommodate.
Steve McCabe (Birmingham, Selly Oak) (Lab)
The latest analysis shows that the young people referred to in Question 3 stand to lose between £30,000 and £20,000 over their retirement, as a direct result of Government policy. Will the Minister explain how that contributes to intergenerational fairness?
The Parliamentary Under-Secretary of State for Justice (Mr Shailesh Vara)
The whole purpose of the auto-enrolment system is to make sure that people can supplement the state pension. At the moment, 10 million people are eligible for auto-enrolment, and we expect 9 million of them to take up that offer. Those 9 million people will end up saving and, in many cases, saving more than they do at present.