Gideon Amos

Gideon Amos

Liberal Democrat — Taunton and Wellington

Speaking in the House of Commons on 23 April 2025

Debate

Pension Funds

Contribution

My Wellington constituent, Mike, who is a former Midland bank employee, has seen his pension go down in value by 13% because of the failure of HSBC to honour its obligations. He tells me that the state—in other words, the taxpayer—will be making up some of his income as a result. Given the level of profit that my hon. Friend has revealed, is it not totally wrong that the taxpayer is bearing the burden of the obligation that the corporate giant should be paying itself?

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