Amendment of the Law

Part of the debate – in the House of Commons at 5:41 pm on 23rd March 2015.

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Photo of Rachel Reeves Rachel Reeves Shadow Secretary of State for Work and Pensions 5:41 pm, 23rd March 2015

When the Chancellor spoke in the 2014 Budget he said that people would be given “advice”, which was then watered down to “guidance”. Now, with two weeks to go, we know that nobody has received this guidance, yet people will be making irreversible decisions about their retirement income.

This Budget has been more of the same from the same old Tories: more overspends, delays and missed targets on social security; and more big promises for savers and pensioners that are not backed up with the support and the protections we need to make these reforms work.