The Economy

Part of the debate – in the House of Commons at 3:30 pm on 8th November 1982.

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Photo of Mr Harry Ewing Mr Harry Ewing , Stirling Falkirk and Grangemouth 3:30 pm, 8th November 1982

The documents concerning the autumn statement published today contain a passage about old-age pensions. The Chancellor of the Exchequer states there that he is working on the basis of a 5 per cent. inflation rate for next year, less the 2 per cent. overpayment that he claims will be made to pensioners in the next few days. That leads one to the conclusion that the uprating of pensions for 1983–84 will be about 2½p to 3p in the pound. If that is the case, on what basis has the Cabinet taken a decision to make the old-age pensioners pay for the Prime Minister's bungling incompetence in leading us into the Falklands crisis?