I am grateful to my hon. Friend for making those points. The Government's policy is to maintain the basic state pension's value, to encourage the private sector and to target help on people most in need. The amount targeted has already increased by £1.2 billion since 1988. The number of pensioners with occupational pensions is up from 43 per cent. in 1979 to 66 per cent. among the recently retired, with an average £75 per week for that occupational pensioner. My hon. Friend can do the mathematics himself, but, on such a rate of increase, the Conservative Government have given pensioners a better future than they would have had under Labour