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Govt warns of £4bn pensions bill from same sex marriage amendment

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The Government is warning it could face £4bn in extra pension costs under an amendment to the same sex marriage bill.

Former Conservative minister Tim Loughton has lodged an amendment to the bill to allow heterosexual people to enter into civil partnerships.

According to the Guardian, pensions minister Steve Webb has warned the change would leave the Government on the hook for between £3bn to £4bn in extra public service pension payments for survivors’ rights.

The extra cost is based on a judgement that more straight people would become civil partners and gain the same pension rights as married couples.

Labour has proposed its own amendment calling for a consultation on civil partnerships that would allow further debate on how to limit possible costs and delays.

It is urging MPs not to back Loughton’s amendment, which is widely seen as a way of wrecking the bill by causing extra costs and delays.

Loughton has hit out at the £4bn figure, saying it is a ”fag packet estimate” as straight couples may not want civil partnerships.

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Comments

There are 3 comments at the moment, we would love to hear your opinion too.

  1. When in doubt Steve have a guess and make it up as you go along. What is the figure from the Which survey – thats who you took your advice from on Consultancy Charging surely the same here?

  2. Another David 20th May 2013 at 5:59 pm

    Amazing that Cameron has managed to cause such an amazing fuss trying to force through legislation which no significant body of opinion was pushing for and which wasnt in the Conservative manifesto. I have no idea what the cost of Parliamentary time is – but I am pretty sure that we would have been better served by our ‘leaders’ spending that time on addressing some of the crucial financial issues facing this debt ridden country of ours. Maybe we could have used the money to avoid the bedroom tax? Actually, combined with the cost of the Police Commissioner elections (not to mention the salaries of these commissioners and their deputies and advisers) and the Scottish Independence referendum we could probably have avoided the need for that tax altogether. It’s a bit late for Mr Webb to start counting the cost now.
    What ever happened to the Conservatives being the party of good housekeeping?
    That’s the trouble with elections – doesnt matter who you vote for, some politician always wins.

  3. Becoming a headcase IFA 21st May 2013 at 8:35 am

    You couldn’t make it up, as the saying goes, could you?

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