Source · Select Committees · Business and Trade Committee
Recommendation 8
8
Not Addressed
Paragraph: 47
Given that the Scheme has continued to produce strong returns despite the 2008 Financial Crisis...
Conclusion
Given that the Scheme has continued to produce strong returns despite the 2008 Financial Crisis and the COVID-19 pandemic, there is little reason to believe the Government will be required to pay into the Scheme before it is wound-up. Even if, in extremis, the Government is required to financially contribute at some point in the future, realistically its contribution will not come close to the (at least) £6.3bn it is currently due to receive in total.
Government response summary AI-generated
The government response consists only of a title and does not address the committee's conclusion regarding the Mineworkers’ Pension Scheme's financial health and the likelihood of government contributions.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
47
Government Response
Not Addressed
HM Government · verbatim extract
Not Addressed
13. The Government recognises the harsh conditions in which coal miners worked and the health issues those conditions caused. At privatisation, the Government took on British Coal’s liabilities and has since compensated former miners and their families for the damage done to their health.
Read the full response on Parliament ↗