Torsten Bell

Torsten Bell

Labour — Swansea West

Speaking in the House of Commons on 23 March 2026

Debate

National Insurance Contributions (Employer Pensions Contributions) Bill

Contribution

No, that is not what is going on. What will happen is that everybody will still have a strong tax relief incentive to save for their pension, and by taking a sensible approach to reforming that, we will avoid seeing the cost of the tax relief rise to the same level as the cost of the RAF. I listen to Opposition Members day in, day out calling for more defence spending. There are consequences for that. One of them is that we have to do our job of looking carefully at the quality of our tax reliefs, and that is what we are doing today. Hon. Members should support us in doing that.

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