§ 37. Mr. Horobinasked the Minister of National Insurance if he will give an estimate of what would be the additional net income accruing in the current year and in the three following years to the National Insurance Fund if the retiring pension age was increased by two years.
§ Mr. PeakeThis information is not available. To form an estimate one would have to make a number of assumptions about the details of a plan for raising the pension age, and I cannot undertake to go into all these points within the limits of a Parliamentary answer.
§ Mr. HorobinDoes not the Minister at least agree that the saving should be very considerable? If so, would it not be worth while making the savings and using part of them to improve the condition of those who have retired and are suffering because of the rise of prices?