Member

A flat-rate scheme would cost up to £10.3 billion and would simply not be right or fair, given that it would also be paid to the vast majority who were aware of the changes. I have heard calls for compensation aimed at lower-income pensioners, and we have focused in the past 12 months on raising pension credit uptake, but in the context of this decision, a scheme focused on any single income group still would not specify who may or may not have suffered injustice. That is why, in taking this new decision, we have come to the same conclusion on compensation as that announced by my right honourable friend the previous Secretary of State in December 2024.