Oral Question·Department for Energy Security and Net Zero
“What assessment he has made of the potential impact of changes to the Mineworkers' Pension Scheme on the living standards of recipients.”
Tabled: 11 December 2024Answered: 17 December 2024
Asked by
Josh Simons
Labour — Makerfield
Answering Minister
the Secretary of State for Energy Security and Net Zero
Answer from Hansard
The Secretary of State for Energy Security and Net Zero (Ed Miliband)
In the Budget, the Government decided to transfer the mineworkers’ pension scheme investment reserve to members of the scheme. At the end of last month, the first increase in payments was made to over 100,000 ex-miners and their families. That has meant an extra 32% rise in people’s pensions each month—an average of £29 per week. The overturning of that historic injustice demonstrates the difference made by a Labour Government.