Oral Answers to Questions

Andrew Selous Excerpts

Wednesday 14th March 2018 Commons Chamber

[The Prime Minister]

As the hon. Gentleman knows, the Business Secretary has been speaking to both companies on an impartial basis. We will always act in the UK’s national interest; actually, it is under this Government that we have seen the changes introduced to the takeover code to provide greater transparency and give target firms more time to respond. There is a narrow range of scenarios where Ministers can intervene on mergers on public interest grounds, but we will always ensure that we act in the national interest.

[Andrew Selous (South West Bedfordshire) (Con)]

Q10. Some 3,157 medical students are going into general practice this year, which is excellent news, but we are still losing too many experienced GPs in their mid-50s due to the tax penalties on their old pension scheme. Would the Government look at a targeted, time-limited exemption on this dedicated group of clinicians, who do so much for the health of us all?

[The Prime Minister]

That is an important point. As my hon. Friend will know, experienced senior hospital doctors and GPs who become members of the national health service pension scheme benefit from one of the best available defined-benefit occupational pension schemes. We provide generous tax reliefs to allow everyone to build up a pension pot worth just over £1 million tax-free. The issue that my hon. Friend is raising is that although GPs are not penalised if they work after age 55, many may have exhausted the generous allowance for tax relief available by that time. I can say to my hon. Friend that the Chancellor of the Exchequer was, of course, listening to the question that he raised.