Category: Pensions

Charlotte Nichols – 2022 Speech on the State Pension Triple Lock

The speech made by Charlotte Nichols, the Labour MP for Warrington North, in the House of Commons on 8 November 2022.

We all know that this is an alarming time for our constituents, as we face a winter of soaring energy, food and necessities costs, but it is even more so for pensioners on a fixed income. In the past few weeks, we have heard Tory Ministers giving their out-of-touch solutions for the cost of living crisis: “Get a new job,” or, “Work more hours”. That is patronising and unhelpful advice for desperate people of working age, but it is even less helpful for the elderly.

The number of pensioners in poverty has risen by almost half a million in the last decade, and now the Conservatives will not even commit to maintaining the pensions triple lock. They have already broken and back-tracked on so many of their 2019 promises that they have no mandate for what they are doing, but I warn them that if they abandon this commitment as well, the pressure for a general election will be unstoppable. With rising prices, hits to private pensions and the crisis in the NHS and social care, pensioners face a triple whammy if the triple lock is lost.

In recent weeks, I have been alarmed listening to the experiences of my elderly constituents, who, during my regular doorstep surgeries around Warrington North, have reported to me that not only are they not turning the heating on, as they are frightened of the cost, but that their estates have been going dark early in the evenings, as even keeping the lights on is becoming too expensive for too many. That is not just in the central six wards of Warrington, which have historically faced higher levels of deprivation, but even in our ostensibly more affluent areas, such as Rixton-with-Glazebrook, Culcheth, Woolston and Croft, where incomes and rates of home ownership are higher, and which we would not typically associate with fuel or food poverty. That pain and anxiety is being felt right across the board by our elderly residents in Warrington.

I want to draw the House’s attention in particular to the mineworkers’ pension scheme and the report published last year by the Business, Energy and Industrial Strategy Committee, on which I serve. We noted that the 1994 scheme’s sharing agreement allows the Government to keep 50% of any surplus from miners’ pensions. Since then, the Government have received over £4.4 billion from the scheme without contributing a penny, while former miners receive an average pension of only £84 a week, leaving them dependent on the maintenance of the state pension. This is intolerable. We made a clear cross-party recommendation that the scheme should be reviewed and the £1.2 billion reserve fund be given back to pensioners immediately. No progress has been made in the past year. I urge the Minister to get this done. Retirees in coalfield areas such as mine deserve better, and righting this wrong will be a huge boost at a most needed time.

As one of the younger Members of this House, I can report that many of my generation despair of ever receiving a state pension worth the name. They may think that this is a debate that does not affect them and is just another example of the Government taking from the young and poor to give to the elderly and wealthy, but they are wrong. If we do not fight for pensions to be protected and maintained now, we really will not have a worthwhile income in retirement tomorrow. The real-terms impact of a cut now affects future retirees even further—in cumulative lost interest in every future year—than the impact on pensioners today. I want to see social security for old age for people like me, born in the 1990s, and younger, not see it wither away now. This is even more vital as house prices have prevented many young people from stepping on to the housing ladder, so we will be carrying debts and mortgages to an older age. The way we challenge generational unfairness is by doing more to tax accumulated wealth, particularly wealth that is hoarded rather than invested.

The whole country knows that this Conservative Government have crashed the economy. They know that the Government are desperately looking for soft targets to make cuts, but there are not any more after a decade of failed austerity. The Government cannot be allowed to use this as an excuse to desert their triple lock promises as well. Old and young, we will be watching closely to see how Conservative MPs vote today on this basic issue of generational fairness and giving people the reassurance they need at this difficult time.

November 9, 2022
Margaret Greenwood – 2022 Speech on the State Pension Triple Lock

The speech made by Margaret Greenwood, the Labour MP for Wirral West, in the House of Commons on 8 November 2022.

Many residents in Wirral West have written to me and spoken to me about their extreme anxiety about the cost of living crisis and what they see as the Government’s lack of commitment to maintaining the state pension triple lock for the next financial year. They are desperate for certainty and they need help.

I note the Secretary of State’s remarks about the forthcoming fiscal event, but surely he or the Minister can give some comfort to retired people who are anxious about this issue. They need that reassurance because there has been so much turmoil in the Conservative party—turmoil that has been accompanied by numerous policy U-turns. It is vital that the Government retain the triple lock, as it was a Conservative party manifesto commitment and must be honoured.

As we know, last year the Conservatives broke that commitment. At the time, the Government said that they

“can and will apply the triple lock as usual from next year for the remainder of this Parliament, in line with our manifesto commitment.” —[Official Report, 7 September 2021; Vol. 700, c. 185.]

It is therefore vital that they keep their word. People are struggling with the cost of living crisis, which has been made far worse by the chaos that the Conservative Government of just a few weeks ago brought to the financial markets with their mini-Budget. Through sheer recklessness, their policy choices sent mortgage rates soaring, brought the pensions industry to the brink of collapse and crashed the economy.

Despite the comments that we have heard from the Government today, pensioner poverty is an extremely serious and live issue. This year’s “State of Ageing” report by the Centre for Ageing Better found that almost one in five people over the age of 65 were living in poverty in the 2019-20 period. That is 2 million people. Age UK has said that malnutrition is a growing risk for older people, and that if the UK Government fail to raise the state pension and benefits in line with inflation, they will plunge many people into a genuinely desperate situation. Pensioners are struggling with soaring food prices and increased energy costs.

I would like to share with the House some of my constituents’ experiences and fears, because they have asked me to represent their concerns. One woman who is in her early 80s has written to me to say that she suffers from a number of health issues, including rheumatoid arthritis. It is vital for her to keep warm, and even though she is cutting back on using the heating, her energy bills keep rising alarmingly. She says:

“It’s hard to imagine where it will all end.”

Another constituent told me that she and her husband are currently struggling with a huge increase in the cost of living and out-of-control heating bills. They sit at night with blankets wrapped around themselves, as they cannot afford to put on the central heating. Their fuel bills have increased to more than £270 a month, and they are worried that they will go up again next April. Another constituent whose partner has a number of long-term health conditions has said that she is

“petrified to put the heating on and the hot water is only put on once a day for a short period.”

She is really concerned that her partner’s health will get worse because they cannot heat their home. One woman in her mid-70s told me that she worries every day about heating and food. She asked for the triple lock to be protected simply so that she and other pensioners can afford to live.

It is clear that the triple lock on the state pension must be maintained for my constituents and for people across the country. It is about dignity and security for older people and about protecting them from poverty. I also ask the Minister to set out what action her Government will take to encourage greater take-up of pension credit. The Government must do the right thing and come forward today with a commitment to protect the triple lock.

November 9, 2022
Tahir Ali – 2022 Speech on the State Pension Triple Lock

The speech made by Tahir Ali, the Labour MP for Birmingham Hall Green, in the House of Commons on 8 November 2022.

I was quite alarmed by some of the comments from Conservative Members about why we are discussing this issue—some even described this debate as theoretical, while others said it was irresponsible to discuss this issue. My response to that is that we should ask the millions of pensioners who are affected whether it is worth discussing this issue and whether this debate is irresponsible or worth while.

The pension triple lock is vital to the wellbeing of millions of retired people across the country. I speak on behalf of pensioners in my constituency, and I would like to express the absolute importance of the Tories not breaking their manifesto pledge to protect the triple lock pension guarantee. Just three weeks ago, they were stating that there was a commitment to maintain the pensions triple lock; now, the Prime Minister refuses to guarantee that it will remain in place. That is understandably causing uncertainty and distress to millions of pensioners.

By now, we and the public are used to the Tories continuously going back on their word. That is why they cannot be trusted to run this country or to look after the interests of pensioners. The cost of living is already rising rapidly because of the economic mess that they have got us into. That crisis has been engineered in and delivered from Downing Street.

Pensioners rely on the state pension to help them make ends meet, no matter how difficult that is. The fact that the Government are even considering putting that minuscule security blanket in danger is ridiculous and incredibly scary for pensioners who need the triple lock in order to live a simple life. Many pensioners are not eating properly or putting the heating on in order to make ends meet.

I know only too well the concerns that many pensioners have. I recently received a letter from a constituent who has retired. He said:

“I am afraid in these dire times. My outgoings are exceeding my incomings. It is getting worse daily and utility bills are rising again. The future looks very bleak. No one mentions the pensioners. It seems we are being brushed under the carpet”—

that has certainly been the case with the way some Conservative Members have responded to this Opposition day motion. The hopelessness and fear that that person expressed to me is shared millions of times over.

The pandemic and the cost of living crisis have hit our most vulnerable the hardest. We cannot allow more pensioners to be pushed into poverty because of the outrageous decisions of this incapable Government—a Government whose decisions are, in reality, costing lives. Pensioners are frightened and living a reduced quality of life. They are distraught and living in severe uncertainty because this Government cannot keep their priorities in check.

The Prime Minister claims that the Conservative party is a compassionate party, but his actions speak louder than his words. The Tory manifesto clearly promised that the triple lock would be protected. Now, the Prime Minister is considering not only breaking another promise but breaking all the pensioners across the UK.

November 9, 2022
Hywel Williams – 2022 Speech on the State Pension Triple Lock

The speech made by Hywel Williams, the Plaid Cymru MP for Arfon, in the House of Commons on 8 November 2022.

It is a pleasure to follow the hon. Member for Newport West (Ruth Jones) and the hon. Member for Gloucester (Richard Graham); they are both my friends. I was glad to hear the hon. Member for Gloucester refer to Steve Webb, who I thought was a fine Pensions Minister and deserves credit for his work in bringing in the triple lock in the first place. My party has always pressed—as well as we can from this small part of the Bench—for pensions to be linked more to earnings, which, on the whole, would ensure that pensioners were not continually in poverty, and the triple lock does that to an extent.

Around one in five people in Wales lives in relative poverty. Pensioners are among the groups hardest hit by the jump in energy and food prices, and there are severe long-term consequences to being unable to afford food and heating. Public policy, social policy and health policy in Wales are very much geared towards the concept of wellbeing rather than the separate headings of health, benefits or whatever. That is the thrust of policy in Wales, but the severe consequences of being unable to afford food and heating very much militate against it. The income squeeze is also preventing some people from engaging in social activities, which are crucial for wellbeing. The cost of those activities might be small, but they are often the first things to go when people have to economise.

As has been said, the UK spends below the OECD average on state pensions, which compare poorly relative to average earnings. The UK also compares poorly on the net replacement rate, which I do not think has been mentioned. That measures pensions as a percentage of previous earnings, and the difference is quite significant: for mandatory pensions at least, the UK stands at 58.1%, the OECD is at 69.1% and the EU is at 70.8%.

As a number of Members on both sides of the House have said, the triple lock ratchet has been very effective, and abandoning it will trap some older people in persistent poverty. That would make the case for a fundamental review of the state pension even more pressing than it is now, and such a review must be aimed at eradicating pensioner poverty.

Meanwhile, auto-enrolment to pension credit should be introduced, and mechanisms for doing that—using the Post Office or perhaps banks—have already been suggested. That would be a way of providing direct financial support and a gateway to further benefits and support. In Wales, it would mean immediate financial relief for more than 70,000 households who are eligible for pension credit but who do not claim it at present.

I want to refer briefly to two pension scandals—“scandals” is the correct term—both of which need immediate action. I will not go into any detail about the plight of WASPI women, as that has been referred to already, but the Government really should set out the steps they will take to compensate 1950s-born women.

The second scandal, which has not been mentioned and which has been pressing for many years, is the plight of former Allied Steel and Wire workers, who lost their livelihoods and their pensions when the firm went bankrupt in 2002 in very distressing and suspect circumstances, which I will not go into now. Under the financial assistance scheme and the Pension Protection Fund, any money paid in before April 1987 was not fully inflation-proofed, and many ASW pensioners have been severely impacted, with some receiving only half the value of what they are actually owed. When my right hon. Friend the Member for Dwyfor Meirionnydd (Liz Saville Roberts) asked what that meant in real terms, the response from the DWP was that it would be too costly to find out. Well, the ASW pensioners are actually paying that cost, and the response from the DWP was a disgrace, so I press the Government to look at that case yet again.

November 9, 2022
Ruth Jones – 2022 Speech on the State Pension Triple Lock

The speech made by Ruth Jones, the Labour MP for Newport West, in the House of Commons on 8 November 2022.

I am grateful for the opportunity to speak in this important debate. I commend my colleagues on the shadow Front Bench for bringing this debate to the House. It is a pleasure to follow the hon. Member for Gloucester (Richard Graham), though I fundamentally disagree with most of what he said, but there we are; that is what Opposition day debates are all about.

Like many people in Newport West, including those who have written to me about this issue in recent months, I believe that everyone deserves financial security in their retirement. It is a long-standing feature of our contract with the people that the cornerstone of that security is a decent state pension, and it must be a properly indexed pension, because that is how we ensure it keeps its value for future generations of pensioners in Newport West and across the United Kingdom.

I note that Government Members were elected on a manifesto commitment in 2019 to keep the triple lock, so today should be easy for them and for all of us. The Opposition support a triple lock on pensions, and the Conservative party suggested that it did in 2019, so today should see a unanimous vote in support of the motion. Ministers and Conservative MPs need to be held to account on their promise, and today provides an opportunity to do just that.

I was elected in April 2019, and in my first few months in this place, it was clear that Conservative Members supported Labour’s intention to continue the triple lock across future years of this Parliament. I am determined to keep making the case to Ministers on behalf of those Newport West residents who have been in touch in recent weeks and months. One such constituent, Christine Kemp-Philp, wrote to me and told me this:

“As a full time family carer since 1991, having given up a good career to care, and with my caring responsibilities becoming more and more difficult, I am myself disabled and a pensioner, and am finding less and less help available. With the cost of living going up and the threat of our pensions going down in real terms, I am worried for our future.”

It is important to acknowledge that the UK state pension is relatively low by international standards, and there are important differences between those who qualify for it. For example, I went back and read some excellent research from Age UK in 2020, which highlighted that 34% of private tenants and 29% of social rented sector tenants lived in poverty compared with 12% of older people who own their home outright. In addition, 33% of Asian or Asian British and 30% of black or black British pensioners were living in poverty compared with 15% of white pensioners. This is a problem for real people, who are losing real money and having to pick up the consequences.

I am also grateful to my constituent Dennis Bellew, who shared his story with me. He wrote:

“I am 77 years old…It is important to me that the government keep their promise of protecting the pension triple lock. Times are difficult for me at present and I shudder to think what it would be like if this promise was not kept. With old age comes the worsening of my asthma, arthritis, diabetes and lack of mobility, in these ailments I am no different from the thousands of pensioners in the U.K. How would I be able to keep my head above water with the ever increasing energy and food bills. Life is tough for us pensioners at present, please do not make it worse by allowing the government not to keep its promise.”

That is why I am speaking in this debate.

The Government need to consider what the current crisis means for the 1950s WASPI women affected by the change to the state pension age. I urge Ministers, as I did in Work and Pensions questions last week, to find an opportunity to bring forward more support for those women in Newport West and across the country, and to set out what immediate action could be taken and when. The treatment they have received has been disgraceful, and I have repeatedly spoken out and called for action.

I look forward to meeting the new Minister, the hon. Member for Sevenoaks (Laura Trott), and eagerly await her response to my letter confirming the meeting she agreed to. As Labour calls for a pensions system that is sustainable, sufficient and able to meet the challenges of an ageing population, I urge all colleagues to support the motion today and to give our pensioners the dignity in retirement they so richly deserve.

November 9, 2022
Richard Graham – 2022 Speech on the State Pension Triple Lock

The speech made by Richard Graham, the Conservative MP for Gloucester, in the House of Commons on 8 November 2022.

What a treat to be the tail-end Charlie on the Government Benches, and it is a pleasure to follow the hon. Member for Barnsley East (Stephanie Peacock) and the very thoughtful speech from the hon. Member for North East Fife (Wendy Chamberlain), which shows that on the substance of the policy we all hope to hear announced on 17 November, there are few differences among the Members of different parties in this House. It is worthwhile, particularly with my hon. Friend the Member for Sevenoaks (Laura Trott) in her place—I warmly welcome her as the new Pensions Minister, and earlier she was sat beside the former long-serving Pensions Minister, my hon. Friend the Member for Hexham (Guy Opperman)—just to run through how and why we are where we are.

The truth is that the story starts in December 2010, five months after the coalition Government were elected to take over from the previous Labour Government of some 13 years. The then Pensions Minister, the former right hon. Member for Thornbury and Yate, Sir Steve Webb, introduced it by pointing out that the first thing he was doing was reintroducing the link between the state pension and earnings—something that Labour had unfortunately failed to do during its 13 years in government. It was wrong to do so, and he was right to reintroduce it, but he went further, with the full support of the coalition parties, and linked pensions to a new triple lock of earnings growth, inflation or a minimum of 2.5%. That promise was part of ensuring that we would never again see a weekly rise in pensions of just 75p, which has been much alluded to today. No one should ever underestimate the impact that that had on pensioners around the country.

Ruth Jones (Newport West) (Lab)

Can the hon. Member confirm that the triple lock was introduced as the result of a commission that was appointed by Gordon Brown, and Gordon Brown was the one who set up the reasoning behind and the institution of the triple lock, but it was the Government after him who actually introduced it?

Richard Graham

No; I am sorry, but that is a historical rewriting of facts that does not wash. Gordon Brown was Chancellor and then Prime Minister for all those 13 years. He had many, many opportunities to reintroduce the link to earnings and spectacularly failed to do so. With apologies to the hon. Member, I do not accept that. It is true that a lot of consultation went on at that time, but the fact is that the coalition Government reintroduced the link five months after coming into government. That is important, because the link is responsible for today’s state pension being worth over £720 a year more than inflation, which was the link under Labour. The whole point of the triple lock was that Labour’s policy was inadequate and had to be corrected by the new coalition Government.

Indeed, on 17 February 2011, at the first social security benefit uprating after the triple lock was introduced—the hon. Member for Newport West (Ruth Jones) will be interested in this—what did Labour Members do? They abstained—all of them except for 11, who voted against the uprating. Those who voted against included the right hon. Member for Hayes and Harlington (John McDonnell), who was shadow Chancellor at the time of the last Labour manifesto. Not one Labour Member, including the right hon. Member for Leicester South (Jonathan Ashworth), voted in favour of the uprating that came from the triple lock. They were wrong not to do so.

There was, of course, more to it, because the basic state pension has risen considerably, and as Sir Steve Webb put it then, the strengthening of pension credit enabled the Government to

“focus resources on the poorest pensioners.”—[Official Report, 8 December 2010; Vol. 520, c. 310.]

As he pointed out at that time, when both you and I were here, Madam Deputy Speaker, this is ultimately about

“a more appropriate, consistent and stable basis that is fair to individuals and the taxpayer.”—[Official Report, 8 December 2010; Vol. 520, c. 311.]

We come to the issue today. The Prime Minister and the Chancellor have both highlighted that in their decisions to be announced on 17 November, they will act fairly and compassionately. I have no doubt that they will, and for the avoidance of doubt, that does imply, to me, maintaining the triple lock—no Minister can possibly anticipate what might be announced in the future, as my right hon. Friend the Secretary of State rightly explained.

Over the last 12 years, the record of this Government is that they have introduced the triple lock and the important new policy of auto-enrolment for almost 20 million people, whereas Labour’s legacy is the 75p a week increase. That was not done while the right hon. Member for Leicester South was an adviser to Gordon Brown, but he has two more issues to face when the announcements of 17 November are made. In the Labour party’s 2019 manifesto, it committed to £58 billion for the Women Against State Pension Inequality Campaign group. I have warned that group time and again that it will be led up the path and nothing will be delivered. The shadow Secretary of State needs to answer on that, and he also needs to answer on what Labour’s policy will be on universal credit, which it pledged to abolish in its 2019 manifesto. For today, I agree: let us keep the triple lock.

November 9, 2022
Stephanie Peacock – 2022 Speech on the State Pension Triple Lock

The speech made by Stephanie Peacock, the Labour MP for Barnsley East, in the House of Commons on 8 November 2022.

As I was leaving my office to come across to the Chamber, I received an email from a couple in their late 70s that said:

“We need you to protect the triple lock for our wellbeing.”

This debate and this decision about the triple lock matter to pensioners in Barnsley. By threatening to break the triple lock, this Government are instead turning their back on older people, just when times are harder than ever. Indeed, alongside working families, pensioners are already struggling with the spiralling cost of living. One constituent in her sixties told me that she sat shivering as she wrote to me about not being able to afford heating. Another, aged 98, got in touch having received an energy bill of £3,700 for the next 12 months. In the context of this storm of energy bills, inflation and food prices, the Resolution Foundation has said that any cuts to pensions would be disastrous. After their reckless mini-Budget and the economic crash that followed, this Conservative Government are forcing older people to pay the price for their own economic incompetence, despite promising to protect them.

Indeed, the 2019 Conservative manifesto vowed to keep the triple lock in place, saying that under a Conservative Government, pensioners could be confident that they would receive support, security and the “dignity they deserve”. We have seen time and again that instead of keeping to their commitments, this Government prefer to U-turn, backtrack and break their promises. Certainly for many people in Barnsley East, it will not be the first time that the Government have gone back on their word regarding pensions.

During the last general election, the former Prime Minister, the right hon. Member for Uxbridge and South Ruislip (Boris Johnson) made a categorical promise to retired mine workers that their money would be returned. To date, the Government have taken £4.4 billion from the mineworkers pension scheme. A cross-party Business, Energy and Industrial Strategy Committee report concluded that the Government should not be in the business of profiting from miners’ pensions and should end the 50:50 sharing arrangement. A Labour Government would do just that.

This Government should stop taking money from miners’ pensions, and they must recommit to the triple lock to keep vulnerable pensioners above the poverty line. As we live through the worst cost of living crisis in modern times, the Government must stop making older people and working families pay the price for their reckless economic decisions.

November 9, 2022
Chris Clarkson – 2022 Speech on the State Pension Triple Lock

The speech made by Chris Clarkson, the Conservative MP for Heywood and Middleton, in the House of Commons on 8 November 2022.

It is a pleasure to follow the hon. Member for North East Fife (Wendy Chamberlain). It is also a pleasure to see the Minister, my hon. Friend the Member for Sevenoaks (Laura Trott), in her place, and I congratulate her. I also thank the right hon. Member for Leicester South (Jonathan Ashworth) for his tub-thumping support for a Conservative policy. There is more rejoicing in heaven over one sinner who repents.

There is never a bad opportunity to talk about this Government’s inestimable record when it comes to helping pensioners. Instinctively, everyone on the Government Benches wants to ensure that those in receipt of state pension get the best possible deal from the Treasury. Many of us will already have made representations to the Chancellor in one way or another, and I am pretty sure he will be making pensions a priority come the 17th.

At a time when every one of us, especially those on low and fixed incomes, is feeling the pinch as a result of the perfect storm caused by Putin’s illegal war in Ukraine and the economic shock of covid, it is right that we continue to support the most vulnerable with the limited resources we have available to us. That is why I am proud that this Government have introduced the triple lock, when no such innovation was ever introduced by a Labour Treasury. A lot of us have already mentioned Gordon Brown’s generous increase of 75p a week back in 2000. That was at a time when Labour was borrowing like it was going out of fashion and spending like a drunken sailor in a brothel. It caused so much offence that one pensioner wrote Gordon Brown a cheque to return the 75p. Gordon Brown cashed the cheque.

It was this Government who responded to the current economic challenge with the energy price guarantee to keep bills as low as practically possible. This Government provided up to £850 of additional support to most pensioners in the face of rising energy costs. This Government increased the warm home discount to £150 and extended eligibility by a third to 3 million of the most vulnerable households. Since 2010, the state pension has increased by £2,300. That is £720 more than if it had just been uprated by simple inflation alone. We have brought in automatic enrolment for workplace pensions, so that more people have extra support in their old age.

This Government take pensioners seriously. We do not treat them as tools in a now all too predictable cycle of gamesmanship that we get with every Opposition day debate. I can practically see the paid content on social media already, with a black and white photo of each of us and a misleading statement underneath, and I can see the emails coming in tomorrow morning from frightened pensioners who want to know why we have done this terrible thing we have been accused of, and that they reckon we are going to do. It is absolutely shameless, but all too predictable.

The Opposition know there is a statement coming in a few days’ time, on the 17th—as my hon. Friend the Member for North Norfolk (Duncan Baker) had to get his birthday in, it is actually five days after mine—but that means nothing to the Opposition, as there are games to be played and points to be scored. The truth is that poverty figures show that there are 400,000 fewer pensioners in absolute low income after housing costs than in 2009-10. There are 1.2 million fewer people in absolute low income before housing costs than in 2009-10 —that is 200,000 fewer children, 500,000 fewer working-age adults and 400,000 fewer pensioners. That is in part because of what we have done as a Government to increase participation in private pensions. As my hon. Friend the Member for Broadland (Jerome Mayhew) mentioned, under the last Labour Government, the actual participation rate went from 47% down to 32%. Under this Government, thanks to auto-enrolment, that is now around 75%.

When the economic truths are complex and difficult, we deserve better than the glib sixth-form politics of the Opposition. The Chancellor is absolutely right to take the time to finalise his spending decisions as part of the autumn statement, so that we can take a compassionate Conservative approach to target our cost of living support to the most vulnerable.

The truth of the matter is that we know why we have not heard anything from the Opposition: they do not have a plan. The Prime Minister made the point at Prime Minister’s questions last week that you cannot oppose a plan if you do not have a plan. We have not heard a bat squeak from the Opposition about their policies for the next election. We know that the Leader of the Opposition has already binned all the pledges he was elected on, so we have no idea what the party stands for. I will wait for the Chancellor’s statement on the 17th, and in the meantime, I will be talking to and working with colleagues to ensure we put the case for the people we have the privilege of representing, because that is what they deserve: MPs who put them first, not politics.

November 9, 2022
Wendy Chamberlain – 2022 Speech on the State Pension Triple Lock

The speech made by Wendy Chamberlain, the Liberal Democrat MP for North East Fife, in the House of Commons on 8 November 2022.

As I said in my intervention on the right hon. Member for Leicester South (Jonathan Ashworth), we all in this House, as the hon. Member for Easington (Grahame Morris) said, have supported the triple lock. However, we need only google “Daily Mail” and “triple lock” to see that in recent days Government Ministers have been on the news saying things to suggest that it is under threat. On the Government side, it is clear that there is a desire among Back Benchers for the triple lock to stay, but I do not think it is very fair for pensioners to have to wait and do this hokey-cokey to hear what is going to happen.

In February 2021, when this House considered the Social Security Benefits Up-rating Order 2021, the then Under-Secretary of State for Work and Pensions, the hon. Member for Colchester (Will Quince), spoke in favour of that year’s triple lock increase as

“upholding our commitment to the country’s pensioners”.—[Official Report, 9 February 2021; Vol. 689, c. 186.]

We know that by September of last year the Government had turned their back on that lock, implementing a double lock only. The hon. Member for Easington reminded us that that uprating of 3.1% means that when we discuss maintaining the triple lock now, it is not about keeping pensioners up to speed with the cost of living; they are already behind the cost of living as a result of that earlier U-turn.

We were told that the downgrading was just for one year. I said then that I was wary of trusting that the Government would keep that promise, and it increasingly seems that pensioners feel that way too. Many have said that this feels like a broken promise, and we are seeing different Ministers here giving different views. I know we are supposed to now wait nine days, but I do not accept that this is not a debate we should be having.

As the hon. Member for Gower (Tonia Antoniazzi) said, Opposition days are given to the official Opposition and the third party so that they can hold the Government to account. We are Opposition MPs; that is our job. When we are hearing from constituents about their anxieties regarding the triple lock and the energy price guarantee, it is right and proper that Opposition time be used to debate such issues. I must also say that I have also been present in this Chamber when the Government have tabled motions designed to trap the Opposition. This debate is part of what we do; it is part of how we oppose and how we get answers from the Government.

Away from politics, I want to pick up one message from a constituent who says:

“My wife is 80 and disabled and I am 81 and act as her full-time carer. We receive our bills for both gas and electricity on a monthly basis and the last 2 months have seen them triple-fold…keep in mind that these were summer-time readings. God only knows how we are to fare as things continue in this manner. Once again I plead with you to help in whatever way you can to save the Triple Lock.”

The Pensions and Lifetime Savings Association, in its paper “Five Steps to Better Pensions: Time for a New Consensus”, highlights that pension inadequacy is an increasing issue. The state pension makes up the majority of most people’s retirement income, and given how sluggish wage growth has been in the last 15 years, it is now harder for people to make adequate pension savings. It is important that we keep the state pension to protect current and future pensioners from poverty. As the right hon. Member for East Ham (Sir Stephen Timms) said, it is a social contract, and that is true for private pensions, too. We all know that there is not a pot—as a Scottish MP representing a UK party, I know there is not a pot—but we do put into pensions and national insurance on the understanding that when it comes our time to draw down, we can do so. We need to ensure that we do not break that social commitment and that social contract.

I conclude by saying that I believe firmly that the triple lock is about intergenerational fairness. If we devalue our state pension, we are also letting down young people and people of working age. Some of those of almost pension age will have seen the value of their pensions fall as a result of the recent economic turmoil, and for those people a state pension will never be more vital. For young people and people of working age, keeping the state pension viable now for those not retiring for decades to come is the right thing to do. Younger people face so many difficulties—on the housing ladder, and with increasing rents, the lowest levels of social mobility and insecure employment—so we need to ensure that we keep a pension for them to look forward to in the future.

I finish by turning to the words of Muriel, another of my constituents who has written to me. She asked:

“How are we to survive without being able to depend on our Government to do the right thing by us?”

Those are words for us all to keep considering.

November 9, 2022
Jerome Mayhew – 2022 Speech on the State Pension Triple Lock

The speech made by Jerome Mayhew, the Conservative MP for Broadland, in the House of Commons on 8 November 2022.

I am not the first Member of the House to recognise that this motion is not a serious request of the Government, because we have the autumn statement in just nine days’ time. It is blatantly a political stunt to gain headlines.

Tonia Antoniazzi

I was going to make reference in my speech to Conservative Members saying that this debate was a stunt. It is not a stunt; it is a political lever. This is an Opposition day—this is what we do in this place. I ask the hon. Gentleman please to correct the record.

Jerome Mayhew

I am grateful for the hon. Lady’s intervention; it brings to mind a number of the interventions and speeches from Labour Members talking about pensioners’ fears as they consider the outcome of the triple lock decision. Surely this debate, called by Labour, does not reduce fear but increases it, and that in itself is wholly irresponsible. It is scaremongering.

I am surprised that Labour wants to draw attention to pensions policy, because the Government’s activities over the last dozen years put Labour to shame. Let us look at pensions more widely, because pensioners get income from multiple sources. We have the state pension, but there are also private and company pensions, individual personal savings and other state benefits in addition to the pension.

I will focus first on auto-enrolment. Under Labour, members of the public increasingly just could not afford to save for their retirement—either that, or Gordon Brown’s famous tax raid on pension pots simply made it not worthwhile to save for a pension. If we look at the data, during the 2000s private sector pension membership declined. In the year 2000, 47% of people had private pensions, but by 2012 that had fallen to 32%—a decline of 47%. By changing from an opt-in to an opt-out system, auto-enrolment, brought in by the Conservative-led Government, transformed pension saving in this country. In my view, it was perhaps the single most important intervention of Government policy over the past decade.

The figures speak for themselves: now, 75% of employees are regularly saving and benefiting from tax-free employer contributions. I used to be an employer before coming to this place, and I employed hundreds of very young people—typically 18 to 25-year-olds. We had a company pension scheme and, as a responsible employer, I tried to persuade them to start pensions, but the take-up was very low. The impact of the change to auto-enrolment was amazing, and that has been backed up by our company contributions. It is a wholly beneficial thing and it has reversed the roles.

The other point worth making is that this is Conservative values in action. Not for us the state’s putting its arms around people and being wholly responsible for individuals’ futures; we want to see people’s being helped to take responsibility for their own futures, with the state there to help the most vulnerable, and that is exactly what the Government have done in this case.

It has also been mentioned multiple times that the state pension was not a Labour idea; it was instigated by the Conservative-led Government. The right hon. Member for Leicester South (Jonathan Ashworth) is no longer in his place, but I sometimes wonder what conversations in the Treasury were like in 1999, when he was part of Gordon Brown’s inner circle. Presumably, the debate was, “Do we raise the pension by 75p or 50p, or shall we push the boat out and increase it by £1?” It is rich for the Labour party to start lecturing the Conservative Government, whose policy the triple lock actually is, given its own lamentable record on pensions. Labour has nothing to teach us here.

Anthony Browne

My hon. Friend has made some interesting points, and I think this debate has been useful to remind the Chamber that the triple lock is our policy. Given the point he has just made, and continuing the Christmas theme, does he agree that Labour attacking our track record on the state pension is a bit like Scrooge attacking Father Christmas for not being generous enough?

Jerome Mayhew

I will let that intervention speak for itself, but I entirely agree with the sentiment behind it.

Since 2010, because of the Conservative triple lock, pensions have increased by £2,300 in cash terms and by £720 in real terms. There will come a point when the triple lock will need to be reviewed; because of its statistical ratchet effect, there will come a time when we should properly remove the triple lock to maintain balance between the various cohorts of society. To date, however, it has been a powerful tool to raise pension values above those Labour lows in the 2000s that we have heard about.

In addition to the triple lock, Labour also ignored the problem of people’s—overwhelmingly women—child-rearing years not counting towards the state pension. I am delighted that, again, it was the Conservative Government who stood up for women and for the family and the importance of child-rearing, so that now raising a family counts towards the new state pension. More than 3 million will now be £550 better off as a result.

I have a minute and a half left, but I will not use it all, because others have set out the long list of additional benefits devised by the Government to assist with the cost of living crisis caused by the Russian invasion of Ukraine. We Conservatives recognise that pensioners are particularly vulnerable because they are on a fixed income, but there has been an additional £300 for winter fuel payments, the £400 discount on energy bills, £150 for affected council tax payments, and £650 additional means-tested support, as well as the additional payment for those with disabilities—and the list goes on.

On the triple lock, we will have to wait and see for nine more days, but even without it pensioners have been looked after by this Government. As the Prime Minister has repeatedly said, and as his record shows, all decisions taken by this Government will be compassionate and will look after the most vulnerable in society.

November 9, 2022