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Bill Presented: Pensions (13 Mar 1997)

Mr John Denham: With respect, the hon. Gentleman spoke for a great deal of time and I should like to proceed with the summing up. There is just one reason for this debate: the Conservative party's proposals, just before an election, to privatise the state pension system over the next generation. Conservative Members have had their debate; they have had their chance to set out their case and to put their big...

Orders of the Day — Pensions (3 Apr 1996)

Mr John Denham: ...of working people. If we forget about funding methods for a moment, what the Government have done to pensions—pay-as-you-go pensions, personal pensions and, indeed, the underpinning of occupational pensions—leads to a reduction in future pensions. When SERPS was dramatically reduced in value in the 1980s, the pension was cut from 25 per cent. to 20 per cent. of earnings. It...

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