Will my hon. Friend remind the House that taxpayer spending on basic pensions is at a record level even in real terms and that, as a result of the Government's reforms, not only do 66 per cent. of pensioners retire with an occupational pension but 75 per cent. of them retire with savings which are protected against inflation? Will he remind the House that the average income of pensioners has risen faster than the average rate of inflation—and, indeed, earnings—over the past 15 years?