Mineworkers’ Pension Scheme

Part of Children Act 1989 (Amendment) (Female Genital Mutilation) Bill [Lords]: (Business of the House) – in the House of Commons at 5:52 pm on 14th February 2019.

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Photo of Stephanie Peacock Stephanie Peacock Opposition Whip (Commons) 5:52 pm, 14th February 2019

I thank the hon. Gentleman for that contribution. I am pleased that we have cross-party support today. It is very welcome.

The risk undertaken by the Government in guaranteeing the pensions no longer justifies the price paid by the miners for that assurance. The membership of the scheme alone has decreased substantially over the decades since the deal was struck. In 2006, there were 280,000 members; now, there are 160,000. The Government’s financial risk in their role as guarantor of the pensions is in permanent decline, yet in essence they are still charging miners the same price that they charged 25 years ago.