Rt Hon Lord Lilley

    Type: Statement
    Proceeding: 53380
    Member: Lilley, Peter

    Date of Proceeding: 30.11.2005

    Title: Pensions Commission Report
    Description: I welcome the publication of Lord Turner‘s report, which must be the catalyst for real changes that will help today‘s as well.
    Does the Secretary of State agree that Lord Turner?s main and correct conclusion is that Governments must either encourage or require people to save more or work longer? Was that not as obvious eight years ago as it is today, so why have the Government done nothing for eight years?nearly a fifth of people?s working lives?to encourage more savings and have instead drawn off ?5 billion a year from their savings? Will not this Government?s record be as damaging to the savings of the nation as Robert Maxwell?s was to his employees? I welcome the publication of Lord Turner‘s report, which must be the catalyst for real changes that will help today‘s as well.
    Does the Secretary of State agree that Lord Turner?s main and correct conclusion is that Governments must either encourage or require people to save more or work longer? Was that not as obvious eight years ago as it is today, so why have the Government done nothing for eight years?nearly a fifth of people?s working lives?to encourage more savings and have instead drawn off ?5 billion a year from their savings? Will not this Government?s record be as damaging to the savings of the nation as Robert Maxwell?s was to his employees?

    Reference: 440 c279
    Legislature: House of Commons (HoC)
    Place: Commons Chamber
    Session: 05-06

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