Speeches by Grady.

“In my constituency, tenants in social housing are regularly treated as second-class citizens, and it is a shame and a stain on our society that that is so. Many of my constituents are desperately worried about cladding remediation following the terror of Grenfell. The Scottish Government received about £97 million from…”

“That is a very interesting point, Ms Fairweather. I suspect you would need a whole new inquiry on saving for self-employed people, actually. The Hargreaves Lansdown evidence is that 47.3% of outright homeowners are on track for a moderate retirement income. It is a bit late for complex maths, so that means over 50% are…”

“That is a very interesting point, Mr Byrnes. I suppose I would ask the rest of the panel whether they agree. Are we confusing two things: the rainy day fund you need for medical emergencies and all the rest of it, and long-term pension saving? Does that easier access for pension saving point away from this being a good…”

“Would anyone demur from what Ms Fairweather has said?”

“Just to set out the landscape a little bit so we are all on the same page, because this can get quite complicated, if I have a SIPP, I get tax relief on the way in, at my marginal rate of tax. If I have a LISA, I get a bonus, although obviously there is a withdrawal penalty. If I have an ISA, there are no additional ta…”

“It is 73p.”

“That is a brilliant answer: one word. Thank you very much.”

“Can I have very quick answers, please, because time is marching on, and perhaps one answer at a time? The SIPP minimum pension age, I think, is currently 55 and going up to 57, if I am right, in 2028. We have a different state pension age and then the LISA age is 60. Is this another example of confusion in the pensions…”

“Can I have a yes/no answer from Ms Olufunwa as well?”

“My question to each of the panel has rather a yes/no answer, I hope. That minor disagreement we have seen between Mr Lewis and Mr Johnson turns on a range of modelling features: tax in, tax out, whether you get employer matching contributions, your investment choice, whether that investment choice is available and whet…”

“As a final question from me, because time is marching on, does this discussion really illustrate the fundamental problem here: that it is all just too complicated for people to save in this country?”

“I thank the Prime Minister for his statement, with which I agree. Does he agree that Clement Attlee and Ernest Bevin showed that the defence of the United Kingdom and Europe against totalitarianism is at the core of this House’s values and those of our party? Does he also agree that what we can learn from their great p…”

“Has the Office for Value for Money found us any savings yet?”

“Could you follow up in writing just to set out how you will do that?”

“The National Wealth Fund’s predecessor, the UK Infrastructure Bank, led to a regeneration project in Teesside, the value for money of which some have questioned. It is probably best for the panel to answer these questions with either a yes or a no, and then follow up in writing, because time is marching on. Will the Na…”

“No, that’s fine; that has covered my point.”

“But one is weighing up different expenditure lines and different expenditure proposals, so surely they need to be assessed to some common parameters, to have some sort of output that gives comparability.”

“What process are they going to follow? Is there a standard process for assessing value for money, or are they all going to have their own process?”

“How have these people been selected? At first sight, one might ask how someone from Lloyds Banking Group, for instance, could help with various aspects of public expenditure.”

“That is very helpful. It might be helpful if you provided the Committee afterwards with a list of who the challenge experts are.”