Pensions Bill

Part of Orders of the Day – in the House of Commons at 5:30 pm on 17 July 2007.

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Photo of Mike O'Brien Mike O'Brien Minister of State (Pension Reform), Department for Work and Pensions 5:30, 17 July 2007

The unclaimed assets in bank and building society accounts are not included in the review, but—my hon. Friend may have missed it—those funds have been allocated to young people. I hope that he or the Conservatives, given that their lifeboat has been sunk by the Young review, would not advocate that we should raid the boat of the young and take their assets. That money is spoken for and is going to young people. The Conservatives may be shifting their ground, but we must not rob our young people to pay the old.