Pensions

Part of the debate – in the House of Commons at 2:01 pm on 19th July 2017.

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Photo of David Gauke David Gauke The Secretary of State for Work and Pensions 2:01 pm, 19th July 2017

That is absolutely right. Looking ahead, every generation will spend more years, on average, receiving a state pension than the previous generation. That is a very good thing, but it is right that we get the balance right. If Governments do not address this issue, we end up with a crisis, end up having to move quickly, and end up with sharp increases in the state pension age. That is what we are avoiding through the responsible approach we are taking today.