New Clause 38 — Financial assistance scheme: increased levels of payments

Part of Orders of the Day – in the House of Commons at 1:45 pm on 18 April 2007.

Alert me about debates like this

Photo of James Purnell James Purnell Minister of State (Pensions Reform), Department for Work and Pensions 1:45, 18 April 2007

Yes, if the hon. Gentleman can tell me what tax and benefit policy will be for the next 50 years. So far there is very little interaction between FAS payments and pension credits. Very few of the current recipients get pension credits, so that will not reduce the cost significantly. The difference for the payments that I set out earlier is the additional £2.7 billion, which in net present value terms is about £600 million, or an increase of a third in the current scheme.