"I would like to notify the House that the Department for Work and Pensions has obtained approval for an advance from the Contingencies Fund of £1,610,000,000
The voted cash requirement for cash to be paid into the social fund exceeds that provided for in the main estimate 2025-26 due to …..." Torsten Bell - View Speech
"I would like to notify the House that the Department for Work and Pensions has obtained approval from His Majesty’s Treasury for an increase of £1,610,000,000 to non-voted AME—annually managed expenditure—budgets and the total AME budget control, to fund increases to the winter fuel payment in line with the Social …..." Torsten Bell - View Speech
"What this Government have done to steady the markets is to kick the Conservatives out of office and leave them in opposition for years to come...." Torsten Bell - View Speech
"At the heart of this Government’s pension reforms is the goal of bigger and better pension schemes. We are legislating for that in the Pension Schemes Bill by requiring all local government pension scheme assets to be pooled next year, and multi-employer defined contribution schemes to have at least £25 …..." Torsten Bell - View Speech
"The LGPS actually has a strong track record of local investment of exactly the kind that my hon. Friend mentions, including in social housing, and we want to build on that record. The Pension Schemes Bill will introduce requirements for local government pension scheme pools to work with strategic authorities, …..." Torsten Bell - View Speech
"I thank the hon. Member for his question. I agree with where he started, but unfortunately he then went on to praise some of the work done under the last Government, when we did not see the investment that he talks about coming through and reaching entrepreneurs, who he rightly …..." Torsten Bell - View Speech
"My hon. Friend is always a powerful advocate, both for the fast-growing companies in his constituency and for the right pension policy for the UK as a whole, as we saw when he sat on the Pension Schemes Public Bill Committee. Sterling 20 is a new, investor-led partnership between the …..." Torsten Bell - View Speech
"I can reassure the hon. Member that we are scrapping the attitude of the Conservative party, which blocked any building from happening anywhere in this country year after year. Houses were blocked. Railways were blocked. Anything that involved any difficult choices was blocked by a party that gave up governing …..." Torsten Bell - View Speech