State Pension Age

Robert Jenrick Excerpts
Wednesday 2nd March 2016

(8 years, 2 months ago)

Commons Chamber
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Iain Duncan Smith Portrait Mr Duncan Smith
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That is another legitimate question. It is within scope for the hon. Lady to raise it with John Cridland and I urge her to do so. A number of similar points have been made. Of course, he will have to make the final decision about the balance of his review within the terms of reference, but this matter is certainly within the terms of reference. I wish those on the Front Bench of the hon. Lady’s party had taken such a positive view.

Robert Jenrick Portrait Robert Jenrick (Newark) (Con)
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I have listened to this discussion for 45 minutes and, setting aside the bluster from some of the Opposition parties, the only point of divergence that I can see is on whether the Government have included a requirement for this five-yearly statutory inquiry to consider affordability. If that is the case, does my right hon. Friend agree that affordability should definitely be part of any inquiry into our pensions system?

Given that we have a national debt of £1.7 trillion or £24,000 for every man, woman and child in this country, it would be a crime for the Government not to consider whether our pension age is affordable. I hope that the other parties will reconsider, particularly Labour and the Lib Dems, given that this was the only point of difference that their spokesmen could raise.

Iain Duncan Smith Portrait Mr Duncan Smith
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I agree with my hon. Friend. I thought that there was consensus on this matter, but it has apparently been torn up. I urge those on the Opposition Front Bench to change their minds and engage with the review. Of course affordability will be considered. I do not know of any Government that would genuinely say, “We will make some change and not think about whether it is affordable.” Hang on a second—the last Labour Government did that, actually. I am sad to hear that the Opposition are following their usual trend, which is to shout a lot and make commitments they could never possibly meet if they were in government.