Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Stephanie Peacock Excerpts
Tuesday 5th September 2023

(8 months, 1 week ago)

Commons Chamber
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Andrew Griffith Portrait Andrew Griffith
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My hon. Friend makes an important point. With the right precautions, it is right that we look at that to incentivise employers to deliver the highest returns for pension savers.

Stephanie Peacock Portrait Stephanie Peacock (Barnsley East) (Lab)
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The Government have to date taken £4.4 billion from the mineworkers’ pension scheme. The then cross-party Business, Energy and Industrial Strategy Committee concluded that the Government should not be “profiting from mineworkers’ pensions.” How does the Secretary of State justify their continued profiteering?

Andrew Griffith Portrait Andrew Griffith
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I am not familiar with the issue that the hon. Lady speaks about. I would be very happy to meet her to understand it in more detail.