HC Deb 04 March 1924 vol 170 cc1171-2
58. Sir F. HALL

asked the Chancellor of the Exchequer whether any estimate has been prepared of the cost of giving old age pensions to all at the age of 65 years; and, if so, what the cost would be?

Mr. SNOWDEN

If the means disqualification were abolished, it is estimated that the cost of old age pensions, at the existing rate given at the age of 65, would be £73,000,000 a year (instead of £24,000,000 a year as at present). The figure would automatically increase owing to the increasing longevity of pensioners.

Sir F. HALL

Do the Government anticipate giving this grant in the near future?

Mr. SNOWDEN

I must refer the hon. Member to the statement which I made in the Debate on the question last week.

Sir F. HALL

Has the right hon. Gentleman seen a report of the speech of the Secretary of State for War at Burnley last week in which that promise is made?