Winter Fuel Payment
Debate between Johanna Baxter and Torsten Bell(1 week, 5 days ago)
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Torsten Bell
As I was saying, we do need to make sure that low-income families right across the board are receiving the support they need. That is why we set out changes to free school meals last week and it is why we will be coming forward with a child poverty strategy in the weeks ahead. I have already explained why the original decision was taken and set out that we have listened. The important thing is that it is right to maintain the principle of means-testing winter fuel payments but to do so with a higher threshold. As I have set out, the changes we are bringing forward today will mean that the vast majority of pensioners—over three quarters—will receive it in future.
Johanna Baxter (Paisley and Renfrewshire South) (Lab)
I welcome my hon. Friend’s announcement, because this news will not only bring more money to Scotland; it also demonstrates that this is a Government who listen. The winter fuel payment is devolved in Scotland, as it was at the time of the original announcement, and the Scottish National party’s current policy robs poorer pensioners to fund payments for millionaires. Does my hon. Friend agree that the SNP must now re-examine its own policy in the light of this game-changing announcement today?
Torsten Bell
My hon. Friend is always quite right. I spoke to Ministers in the devolved Administrations today to set out in advance the details of this policy and to spell out, for example, to Ministers in Edinburgh that if they want a fairer system that means-tests the winter fuel payment and the equivalent in Scotland for those on the highest incomes, HMRC is ready to support that, but so far they have chosen not to means-test the system—to have a system that is not fair to poorer pensioners.
Mansion House Accord
Debate between Johanna Baxter and Torsten Bell(1 month, 1 week ago)
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Torsten Bell
Savers can have lots of confidence, because the pipeline is already being delivered: solar farms approved; onshore wind happening after being banned for years under the Conservatives; the national grid actually being built out for once; homes being built right across this country, and being opposed by Conservative MPs right across this country. The pipeline is happening, because this country is building once again.
Johanna Baxter (Paisley and Renfrewshire South) (Lab)
I welcome the agreement that has been reached today. Does the Minister agree that the pension funds are able to make those ambitious commitments only because of the improved investment environment that this Labour Government are nurturing through economic stability—economic stability that is vital to protect working people, including those in Paisley and Renfrewshire South?
Torsten Bell
Exactly; that is what is going on. I speak to pension funds every week who say they are looking to increase their allocation of UK assets because political stability has been delivered—because Liz Truss has been exited from this building. I speak to Australian and Canadian pension funds as well who are saying that they want to open an office in the UK because political and economic stability has arrived.