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Written Question

Question Link

Monday 31st March 2014

Asked by: Gregg McClymont (Labour - Cumbernauld, Kilsyth and Kirkintilloch East)

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment he made of the effect of the option for people to top up their state pension on state pensions expenditure.

Answered by Steve Webb

Estimates were made of both the future AME expenditure and the revenue from contributions in 2015-16 and 2016-17 which would determine future state pension expenditure levels. Estimates made by the Department were certified by the Office for Budget Responsibility. Figures for the medium term impacts in cash terms were published on page 46 in Budget 2014: policy costings available at:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/295067/PU1638_policy_costings_bud_2014_with_correction_slip.pdf .

Further information on the long-term Exchequer impact in 2013-14 price terms is included in the table below. As noted in the policy costings document, there is uncertainty about levels of take-up of this policy. If take-up was higher than assumed both AME and Revenue would increase and if take-up was lower than assumed then both would decrease.

AME

Revenue

2014-15

0

0

2015-16

-15

+415

2016-17

-50

+410

2017-18

-65

0

2018-19

-65

0

2019-20

-60

0

2020-21

-60

0

2021-22

-55

0

2022-23

-55

0

2023-24

-55

0

2024-25

-50

0

2025-26

-45

0

2026-27

-45

0

2027-28

-40

0

2028-29

-40

0

2029-30

-35

0

2030-31

-35

0

2031-32

-30

0

2032-33

-30

0

2033-34

-25

0

Notes to table: Figures are in £m, 2013-14 price terms, rounded to nearest £5m.

Speech in Commons Chamber - Mon 31 Mar 2014
Oral Answers to Questions

"Last week, the Minister announced that the Government were adopting lock, stock and barrel Labour’s policy on the pension cap. That is welcome news for savers, but the Minister and the hon. Member for Warrington South (David Mowat) both know that governance is key to ensuring that savers get value …..."
Gregg McClymont - View Speech

View all Gregg McClymont (Lab - Cumbernauld, Kilsyth and Kirkintilloch East) contributions to the debate on: Oral Answers to Questions
Speech in Commons Chamber - Thu 27 Mar 2014
Quality Workplace Pensions

"I thank the Minister for notice of the statement.

Rare is the day when the Government appear to adopt an Opposition policy lock, stock and barrel. Rarer still is the day when the Government appear to adopt two of the Opposition’s policies lock, stock and barrel. Today, the two broken …..."
Gregg McClymont - View Speech

View all Gregg McClymont (Lab - Cumbernauld, Kilsyth and Kirkintilloch East) contributions to the debate on: Quality Workplace Pensions
Speech in Commons Chamber - Thu 20 Mar 2014
Pensions Strategy

"No one can say that pensions is not a fast-moving and exciting world. The Minister was halfway through his statement before yesterday’s announcements were mentioned. The reason for that is straightforward. The announcements yesterday cannot be bold and radical and also be a logical extension of the Government’s existing pensions …..."
Gregg McClymont - View Speech

View all Gregg McClymont (Lab - Cumbernauld, Kilsyth and Kirkintilloch East) contributions to the debate on: Pensions Strategy
Written Question

Question Link

Monday 17th March 2014

Asked by: Gregg McClymont (Labour - Cumbernauld, Kilsyth and Kirkintilloch East)

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what recent estimate he has made of the number of people of pensionable age providing unpaid childcare support.

Answered by Steve Webb

The information requested is not available. The Childcare and Early Years Survey of Parents estimates that grandparents provided informal childcare for 1.8m children in 1.4m families in 2012/13 with 4% of these families making some form of payment to the grandparent. We are unable to identify the ages of these grandparents; previous studies have shown that around half of grandparents are aged over 65.

Source for grandparent age distribution:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/220274/eia-ni-credits-changes.pdf

Source for Childcare and Early Years Survey of Parents:

https://www.gov.uk/government/publications/childcare-and-early-years-survey-of-parents-2012-to-2013

Speech in Commons Chamber - Mon 17 Mar 2014
Pensions Bill

"I shall of course be disagreeing with the Government’s disagreement with Lords amendment 1.

Let me begin by putting the amendment and the labour market issues it pertains to into some context. Since 2008, only one quarter of the jobs created in this country have been permanent. There are hundreds …..."
Gregg McClymont - View Speech

View all Gregg McClymont (Lab - Cumbernauld, Kilsyth and Kirkintilloch East) contributions to the debate on: Pensions Bill
Speech in Commons Chamber - Mon 17 Mar 2014
Pensions Bill

"Of course Hansard will tell this story, but it was a short quote and I think I managed to get it down correctly. If the Minister is saying that it was not that there were 17 flaws in the amendment, I am sure the whole House is delighted to have …..."
Gregg McClymont - View Speech

View all Gregg McClymont (Lab - Cumbernauld, Kilsyth and Kirkintilloch East) contributions to the debate on: Pensions Bill
Speech in Commons Chamber - Mon 17 Mar 2014
Pensions Bill

"As usual, my hon. Friend makes a pertinent intervention.

There is an issue to address and the question is how to do it. The Minister suggested that Baroness Hollis’s amendment, which my colleagues and I agree with, prescribes a specific solution, but of course it does not; it is a …..."
Gregg McClymont - View Speech

View all Gregg McClymont (Lab - Cumbernauld, Kilsyth and Kirkintilloch East) contributions to the debate on: Pensions Bill
Speech in Commons Chamber - Mon 17 Mar 2014
Pensions Bill

" The Opposition’s view is clear: the issue of job insecurity, of short-hours working and of zero-hours contracts is a significant problem for the pensions market and, specifically, for the state pension. In that context, it seems wise to us to allow the Minister to crack on with solving this …..."
Gregg McClymont - View Speech

View all Gregg McClymont (Lab - Cumbernauld, Kilsyth and Kirkintilloch East) contributions to the debate on: Pensions Bill
Speech in Commons Chamber - Mon 17 Mar 2014
Pensions Bill

"Of course the Minister will be more than aware that averages can hide a multitude of sins; I am sure he accepts that...."
Gregg McClymont - View Speech

View all Gregg McClymont (Lab - Cumbernauld, Kilsyth and Kirkintilloch East) contributions to the debate on: Pensions Bill