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Clause 1 — Equalisation of and increase in pensionable age for men and women

Part of Concessionary Bus Travel (Amendment) – in the House of Commons at 5:15 pm on 18th October 2011.

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Photo of Gregg McClymont Gregg McClymont Shadow Minister (Work and Pensions) 5:15 pm, 18th October 2011

To make the position clear to the hon. Gentleman, we are proposing savings of £20 billion. The Government are proposing savings of £30 billion. These savings will come into effect from 2016. No sensible Opposition or indeed Government would set out a spending plan for the next Parliament five years before it would come into effect. If the hon. Gentleman considers his position to be credible, the difficulties that the Liberal Democrats are facing become a little easier to understand.