UK government rejects calls to pay £1.2bn of pension funds to ex-miners


Penallta Colliery, Cwm Rhymni (Image: Gwalia)

The UK government has rejected calls to pay £1.2 billion of pension funds to ex-miners.


In April, a cross-party committee of MPs had called on the UK government to return the pension funds to ex-miners.


The UK government has received 50% of surpluses from the Mineworkers Pension Scheme since its privatisation in 1994, in return for guaranteeing that the value of pensions will not decrease.


This means that the UK government has received £4 billion that would have otherwise gone toward miners' pensions.


Miners in the UK receive an average weekly pension of £84. The proposals of the committee would add an additional £14 per week on average to the pension.


Darren Jones, the Labour MP for Bristol North West—who chairs The Business, Energy and Industrial Strategy Committee—described the decision as "cruel and unjustified".

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