Speeches by Grady.

“Can I have very quick answers, please, because time is marching on, and perhaps one answer at a time? The SIPP minimum pension age, I think, is currently 55 and going up to 57, if I am right, in 2028. We have a different state pension age and then the LISA age is 60. Is this another example of confusion in the pensions…”

“Can I have a yes/no answer from Ms Olufunwa as well?”

“My question to each of the panel has rather a yes/no answer, I hope. That minor disagreement we have seen between Mr Lewis and Mr Johnson turns on a range of modelling features: tax in, tax out, whether you get employer matching contributions, your investment choice, whether that investment choice is available and whet…”

“Mr Byrnes, do you have a point?”

“I am very mindful that time is marching on and we may have votes, so am I taking it that the basic position of each of you on the panel is that it is good for basic rate taxpayers who are not in employer schemes and not good for many other people really, unless it is a supplement to what they already have?”

“In my constituency, tenants in social housing are regularly treated as second-class citizens, and it is a shame and a stain on our society that that is so. Many of my constituents are desperately worried about cladding remediation following the terror of Grenfell. The Scottish Government received about £97 million from…”

“That is a very interesting point, Ms Fairweather. I suspect you would need a whole new inquiry on saving for self-employed people, actually. The Hargreaves Lansdown evidence is that 47.3% of outright homeowners are on track for a moderate retirement income. It is a bit late for complex maths, so that means over 50% are…”

“That is a very interesting point, Mr Byrnes. I suppose I would ask the rest of the panel whether they agree. Are we confusing two things: the rainy day fund you need for medical emergencies and all the rest of it, and long-term pension saving? Does that easier access for pension saving point away from this being a good…”

“Would anyone demur from what Ms Fairweather has said?”

“Just to set out the landscape a little bit so we are all on the same page, because this can get quite complicated, if I have a SIPP, I get tax relief on the way in, at my marginal rate of tax. If I have a LISA, I get a bonus, although obviously there is a withdrawal penalty. If I have an ISA, there are no additional ta…”

“It is 73p.”

“That is a brilliant answer: one word. Thank you very much.”

“Can I have very quick answers, please, because time is marching on, and perhaps one answer at a time? The SIPP minimum pension age, I think, is currently 55 and going up to 57, if I am right, in 2028. We have a different state pension age and then the LISA age is 60. Is this another example of confusion in the pensions…”

“Can I have a yes/no answer from Ms Olufunwa as well?”

“My question to each of the panel has rather a yes/no answer, I hope. That minor disagreement we have seen between Mr Lewis and Mr Johnson turns on a range of modelling features: tax in, tax out, whether you get employer matching contributions, your investment choice, whether that investment choice is available and whet…”

“As a final question from me, because time is marching on, does this discussion really illustrate the fundamental problem here: that it is all just too complicated for people to save in this country?”

“I thank the Prime Minister for his statement, with which I agree. Does he agree that Clement Attlee and Ernest Bevin showed that the defence of the United Kingdom and Europe against totalitarianism is at the core of this House’s values and those of our party? Does he also agree that what we can learn from their great p…”

“Has the Office for Value for Money found us any savings yet?”

“Could you follow up in writing just to set out how you will do that?”

“The National Wealth Fund’s predecessor, the UK Infrastructure Bank, led to a regeneration project in Teesside, the value for money of which some have questioned. It is probably best for the panel to answer these questions with either a yes or a no, and then follow up in writing, because time is marching on. Will the Na…”