Mineworkers’ Pension Scheme Debate
Full Debate: Read Full DebateYvette Cooper
Main Page: Yvette Cooper (Labour - Pontefract, Castleford and Knottingley)Department Debates - View all Yvette Cooper's debates with the Department for Business, Energy and Industrial Strategy
(5 years, 6 months ago)
Commons ChamberMy hon. Friend is completely right and is making a really powerful case on behalf of mineworkers all over the country. Does she agree that we need to know whether the Government are seeing the mineworkers’ pension as a source of income generation? If they are, that would be utterly morally wrong, given the contribution that the mineworkers have made to our economy over so many years.
My right hon. Friend is absolutely right. I am sure that the Minister has heard her question and will address it in good time.
Never mind whether this is fair. From a financial perspective, the scheme fundamentally does not provide value for money for its members. I implore the Minister not to respond with platitudes about the benefits of the Government’s guarantee for the scheme. We know that it has been beneficial, and as many a former miner from Barnsley will tell us, they know there is no such thing as a free lunch.