WASPI Debate [05/07/2017]

 

Ronnie Cowan MP

What a difference a few months can make in politics. At the start of June the Prime Minister told us that there is no magic money tree. At the start of July the UK Government could magically find £1 billion to save her career—at least for the short term. Of course, if things do not go to plan it is helpful to have a safety net to fall back on. That is a luxury that many women have not been given, since the UK Government unfairly and unexpectedly changed their pension rights. Those women are often forced to accept low-paid and insecure work because some employers are unwilling to take on workers who are close to retirement age. The resulting financial hardship has forced some to sell their homes. Others have developed health problems, or have had aggravations of existing long-term health conditions, because of the stress and anxiety of their situation. Too many still face an uncertain future.

It is estimated that around 3,900 women have been affected in my constituency. Local campaigners such as Elizabeth McQuarrie have done a tremendous job of making sure that the issue is not brushed aside by the Government. If it were not for our local WASPI campaign many more women would be caught out by the pension changes, some of whom stand to lose £35,000 over five years. If the UK Government can find £1 billion to help save the Prime Minister, why have they not devoted a single penny to helping the 2.6 million women affected by unfair pension changes?

Affordable solutions are available. An independent report commissioned by the Scottish National party outlined five options that the UK Government could take to mitigate the impact of the changes. The research found that for £8 billion over five years we could return to the original timetable set out in the Pensions Act 1995. It concluded that the money could come from the national insurance fund, which is predicted to have a surplus of £30 billion by the end of 2017-18.

The women of the WASPI campaign have fulfilled their part of the bargain by being productive citizens, some of them having worked since they were 15 years old. Now it is time for the UK Government to honour their side of the contract.

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