Lord Purvis of Tweed
Main Page: Lord Purvis of Tweed (Liberal Democrat - Life peer)Department Debates - View all Lord Purvis of Tweed's debates with the HM Treasury
(2 days, 21 hours ago)
Lords ChamberI am very grateful to the noble Baroness for her kind words. We are setting out these changes now to ensure that more pensioners are able to receive support this winter. That is important. As she knows, we have moved to just one fiscal event a year, so, as is now normal, these changes will be fully funded at the next fiscal event, which is the Budget in the autumn. This will ensure that final costings and funding decisions come alongside a full forecast from the OBR—something that the previous Government did not do—and we will ensure that the fiscal rules are met at all times.
My Lords, following the reference to those on these Benches and ISAs, I should perhaps declare to the House that I do not have £1 million in my ISA—I wish.
The Minister said that all pensioners earning up to £35,000 would benefit from this. Where I live, in the Scottish Borders, he will be aware that there is a degree of uncertainty, because of the interaction with devolved responsibilities, and because the benefits and tax system is reserved. Can the Minister reassure those where I live, in the Scottish Borders, that they will indeed benefit from what the Government have announced?
The noble Lord knows that winter fuel payments are a devolved policy in Scotland. The Scottish Government will receive a mechanical uplift in their funding as a result of the change in England and Wales. The Minister for Pensions spoke to his counterpart in Scotland on the day that this policy was announced. We are very conscious of the need for sufficient lead-in time, and those discussions will continue.