Oral Question·Department for Business, Energy and Industrial Strategy
“What steps he is taking to help protect (a) business and (b) consumers from rising wholesale gas prices.”
Tabled: 9 November 2021Answered: 16 November 2021
Asked by
Shabana Mahmood
Labour — Birmingham Ladywood
Answering Minister
the Secretary of State for Business, Energy and Industrial Strategy
Answer from Hansard
The Parliamentary Secretary to the Treasury (Torsten Bell)
That is absolutely the right question. We all understandably hear calls for higher rates of pension saving, but the prior question is this: how do we ensure that savers get the best bang for their buck for every penny they save? The forthcoming pension schemes Bill will help make that happen, with bigger pension schemes and fewer small pension pots, driving down costs and driving up saving rates for pensioners.