Pensions — 11 May 1999
I beg to move,
That this House believes that the Government's proposed pensions reforms are in chaos and will do great damage to long-term savings and pension provision, especially occupational pension schemes and Group Personal Pensions; that, unless changes are made which have been called for by Her Majesty's Opposition, the stakeholder pension will be an expensive failure; further believes the Minimum Income Guarantee combined with the proposed State Second Pension will constitute a massive extension of means-testing; and condemns the Government's complacency and incompetence which will ensure millions of future pensioners will be forced into dependence on state handouts in retirement.
I beg to move, To leave out from "House" to the end of the Question, and to add instead thereof:
'commends the Government's approach to pensions reform, set out in its Green Paper "Partnership in Pensions"; congratulates the Government on its determination to tackle 18 years of abject failure on the part of the Conservative government to put pensions provision on a proper footing and rejects the Conservative plans to privatise pension provision; commends the Government's commitment to end the scandal of pensions mis-selling and its plans to strengthen the financial regulatory system; commends the Government on its commitment to economic stability and low inflation which helps pensioners; believes that its reforms to the corporate tax system, which will result in the lowest ever rate of
Question put, That the original words stand part of the Question:--
The House divided: Ayes 134, Noes 362.
Votes by party, red entries are votes against the majority for that party.
What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (No)||Minority (Aye)||Both||Turnout|
|Con||0||133 (+2 tell)||0||83.3%|
|Lab||328 (+2 tell)||0||0||79.5%|