Pensions Bill

Yes, if the hon. Gentleman can tell me what tax and benefit policy will be for the next 50 years. So far there is very little interaction between FAS payments and pension credits. Very few of the current recipients get pension credits, so that will not reduce the cost significantly. The difference for the payments that I set out earlier is the additional £2.7 billion, which in net present value terms is about £600 million, or an increase of a third in the current scheme.