Business of the House

Part of the debate – in the House of Commons at 10:34 am on 20th June 2019.

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Photo of Madeleine Moon Madeleine Moon Chair, Defence Sub-Committee 10:34 am, 20th June 2019

The House will be aware that Ford has announced redundancies in my Bridgend constituency. Some 1,700 people are going to lose their and their families’ income, livelihoods and futures. May we have a debate about the Treasury’s benefiting from the misfortune of those who lose their job and face redundancy payments? At the moment, people will lose 40% of any redundancy payment over £30,000, and if those who will be able to access their pension once they are over 55 reach their 55th birthday after 2026, they will have to wait until 2027 to access it, thereby losing a further £40,000 to £60,000. It is wrong for the Government to benefit from the misfortune of those who are losing their jobs, and with a harsh Brexit ahead of us there will be many more to come. We need to resolve this situation now.