Mineworkers’ Pension Scheme

Part of the debate – in the House of Commons at 7:49 pm on 10th June 2019.

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Photo of Grahame Morris Grahame Morris Labour, Easington 7:49 pm, 10th June 2019

I am grateful, Madam Deputy Speaker, and I am grateful to my hon. Friend Mr Skinner for his knowledge, input and expertise. Of course the 700,000 miners, and the 170,000 miners in Durham, have built up a huge pension fund. I have asked various parliamentary questions to ascertain the size of that fund, but bear in mind that 50% of the surplus is taken by Government—£4.4 billion—and my understanding is that, when the last of those miners and widows dies, the Government will get everything; not just the surplus, but everything.