Oral Answers to Questions — Pensioner Poverty

Part of the debate – in the House of Commons at 12:00 am on 2 April 2001.

Alert me about debates like this

Photo of Jacqui Lait Jacqui Lait Conservative, Beckenham 12:00, 2 April 2001

The Government introduced stakeholder pensions to try to eradicate future pensioner poverty. Has the Secretary of State seen the Prudential's estimate that 46,000 employers are not planning to offer such pensions? What methods of persuasion does he plan to use—or will he rely entirely on the fines of up to £50,000 that would bring the Treasury between £2.3 billion and £4 billion, representing about 2p on the basic rate of tax? Who will be responsible for enforcing the fines: the Department, the Benefits Agency or the Revenue? Is this the friendly face to business of the Labour Government or is it the overweening arrogance of the state?