Business of the House

Part of the debate – in the House of Commons at 11:11 am on 26th January 2017.

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Photo of David Lidington David Lidington Lord President of the Council and Leader of the House of Commons 11:11 am, 26th January 2017

The coalition did commit more than £1 billion to lessen the impact on those who were the worst affected by the change in pension age. No one will see their pension age change by more than 18 months. Those who face the largest increase in the state pension age received at least seven years’ notice. However, we must also be realistic about the fact that people are living longer and that, if we are going to equalise the state pension age, we need to raise the state pension age both for men and women. The cost of reversing the Pensions Act 2011 would be more than £30 billion.