answer text |
<p>DWP published the response to a Freedom of Information request in March 2016 that
included transitional arrangements considered during the passage of the Pensions Act
2011 through Parliament, in addition to illustrative costings produced for hypothetical
policies, as requested by the Minister for Pensions since June 2015 to give an indication
of the fiscal impacts of such policies, and also a costing which was requested by
the Work and Pensions Select Committee in February 2016. This FoI request can be found
at: <a href="https://www.gov.uk/government/publications/dwp-foi-releases-for-march-2016"
target="_blank">https://www.gov.uk/government/publications/dwp-foi-releases-for-march-2016</a></p><p>
</p><p>Reversing the 2011 Act would cost, in total, over £30billion. Reversing the
1995 Act would be at least double this figure – certainly in excess of £75billion
in the next few years alone.</p><p> </p><p>Introducing further transitional arrangements
cannot be justified given the imperative to focus public resources on helping those
most in need.</p>
|
|