"No, let me continue. It is simply not feasible or credible. The idea of tradable annuities is a non-starter, and I will set out the response to it from across the industry. Phil Loney from Royal London said they had not been thought through by the Minister. Mark Wood from …..." Gregg McClymont - View Speech
"We have heard from the hon. Gentleman, who gave a long and interesting speech, and it is now my duty to respond. I shall make a little more progress and then I will let him back in. He diagnosed the problem effectively, but provided no solution. The airy-fairy, half-baked suggestion …..." Gregg McClymont - View Speech
"I am not sure what the point of the hon. Gentleman’s intervention was, other than to show that he had not understood the point made by the hon. Member for Warrington South. Everyone else understood that he meant proceeding in the way NEST does, rather than nationalisation. For people who …..." Gregg McClymont - View Speech
"That sounds a plausible point; I should say it is for the hon. Member for Warrington South, who put the idea forward. My observation is that the idea is not nationalisation, but something along the lines of NEST, and that it would at least be worth thinking about for the …..." Gregg McClymont - View Speech
"That is clearly a matter for Conservative Members to debate among themselves after we leave the Chamber.
We face a broken market; the question is what to do about it. It seems to the Opposition that the way forward is increasingly to involve pension schemes in—I am wary about using …..." Gregg McClymont - View Speech
"Does the Minister accept that the thrust of pensions policy has been to accept the reality of inertia and harness it for the public good? Everything that he has read so far from his script has been about individual engagement. Does he think that individual engagement is enough in this …..." Gregg McClymont - View Speech
"T5. May I take the Chancellor back to the question posed by the shadow Chancellor and by my hon. Friend the Member for Rochdale (Simon Danczuk)? Did Government borrowing rise in 2012-13, as compared to 2011-12?..." Gregg McClymont - View Speech
"12. What estimate he has made of what the annual value of his planned reduction in the additional rate of income tax to 45% would be to a person earning £1 million a year...." Gregg McClymont - View Speech
"Well, that was very clear, Mr Speaker. The answer, of course, is £40,000 a year. Why is a £40,000 a year tax cut for millionaires this Government’s priority?..." Gregg McClymont - View Speech
"T3. Did the Business Secretary let the cat out of the bag yesterday? When asked on the “Today” programme whether his call for investment in infrastructure to kick-start the recovery would mean more borrowing, he replied:“Well we are already borrowing more”...." Gregg McClymont - View Speech