UK Parliament / Open data

Superannuation Bill

I support the amendment, which is admirable in every respect. At times of economic recession, the last thing one wants to do is to add to the numbers of unemployed. The unemployed not only pay no taxes, they draw benefits from the state. Therefore, unemployment is also more and more costly at a time of economic recession; it has to be avoided above all things. Anyone who has done, as I have, a great deal of negotiation on behalf of employees knows that when you are faced with a possible redundancy, the first thing you try to do is to negotiate an agreement with the employer. It is designed to ensure that the people do not become redundant and unemployed, but that they have the opportunity to retrain, are reskilled and are able to remain part of the productive workforce. That is what the amendment is all about. It is entirely admirable and I hope very much that we have a satisfactory response from the Minister.
Type
Proceeding contribution
Reference
722 c52GC 
Session
2010-12
Chamber / Committee
House of Lords Grand Committee
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