Clause 32
Pensions Bill
4:30 pm
Andrew Selous (Shadow Minister, Work & Pensions; South West Bedfordshire, Conservative)
The Minister has explained where the money is going to go, which was not clear from the Bill. I am grateful for the Minister pointing to the Macrory review, with which I am somewhat familiar in other contexts. I accept what he says about that and about perverse incentives. We probably all agree that the Consolidated Fund of the Exchequer is not a bad place for the money to go—especially at the moment, given the state of Government finances. With that in mind, I beg to ask leave to withdraw the amendment.