Mark Garnier
Main Page: Mark Garnier (Conservative - Wyre Forest)Department Debates - View all Mark Garnier's debates with the HM Treasury
(1 day, 8 hours ago)
Commons ChamberThanks to this Government’s policies on pensions, which actively disincentivise saving into private pension schemes, people will increasingly rely on the support of the state. This is not sustainable. I asked the Minister about this yesterday, and he dodged the question, so I will ask him again: will the Government cancel pension fund mandation and abandon salary sacrifice caps—yes or no?
Torsten Bell
This Government have set out our policy. On the question of salary sacrifice, any responsible Government should look at the effectiveness of all tax reliefs. If salary sacrifice for pensions had not been reformed, the cost would have risen to £8 billion over the course of this Parliament. That is the cost of the entire Royal Air Force. If the Conservative party wants to be treated like a serious party that is committed to fiscal discipline, as it claims to be, it is time to grow up.