Steve Webb: ...with, roughly speaking, 100% for those who have reached scheme pension age and 90% for those who have not, with some limitations on indexation and some caps. Any shortfall between PPF-level benefits and the amount of money that goes in from an insolvent employer and their scheme is made up from the PPF. That money comes from the levy payers, who are sponsoring employers, and not from the...
Nadine Dorries: ...may have a further £1.25 billion of reasons to be soft on the tax cheats’ bank. We are talking a cool £2 billion-plus here, not the £250 million that was recently reported. As I have told the House, the twins are suing the taxpayer in the Supreme Court for almost exactly the same amount as the loan book agreement, which by the way, requires renewal every 12 months, making it very...