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David Laws (Shadow Secretary of State for Work and Pensions, Work & Pensions; Yeovil, Liberal Democrat)

Again, I am grateful to the Minister for being both patient and clear, but how does he tally that with the Secretary of State’s statement to the Select Committee on Work and Pensions about the £4 billion or £5 billion that would be freed up by the change? The Secretary of State clearly said that he was making a bid to keep that money within the pension system.

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