Grahame Morris

I associate myself with the remarks of my right hon. Friend the Member for Doncaster North (Ed Miliband) about the potential of the renewable energy sector. I want to give a shout-out to Power Roll in east Durham, and draw the House’s attention to how important it is that that business is supported to move into volume production, which could create many hundreds of jobs. I will start my speech proper by thanking my right hon. Friend the Chancellor of the Exchequer. I am going to confine my remarks to mineworkers’ pensions. For more than 30 years, successive Governments have profited from the miners’ pension funds, taking a staggering £8 billion in that time from funds built up by the hard work of miners, who powered this nation. Last year, at the first opportunity, the Chancellor honoured Labour’s manifesto commitment to transfer the £1.5 billion investment reserve fund of the mineworkers’ pension scheme. That decision delivered a 32% increase in the pensions of almost 4,000 former miners and widows in my constituency, money that has gone straight back into the local economy—into local businesses, shops and cafés. It was welcomed by all those who have campaigned for many years to secure pension justice for our retired miners. Over the past year, the Labour group of coalfield MPs, alongside the British Coal staff superannuation scheme campaigners, have been relentless in our campaign of lobbying Ministers to secure a just settlement for the BCSSS pensioners. I am proud to say that my Government —this Labour Government—and our Chancellor have not only listened to our concerns, but have heard our plea, and have used the Budget to act. The transfer of the BCSSS investment reserve fund announced in the Budget means that a Labour Government have returned almost £4 billion to retired miners through the MPS and BCSSS schemes—a Labour Government standing up for the rights of working people and righting an historic injustice. These are real Labour values in action, showing the difference that a Labour Government can make after decades of neglect by the Tories.