HC Deb 20 July 1943 vol 391 c709W
Sir G. Jeffreys

asked the Chancellor of the Exchequer what would be the cost of restoring to the officers of the Navy, Army and Royal Air Force the full rates of retired pay, which rates were stabilised in 1934 at 91 per cent, below the basic rates?

Sir K. Wood

The direct extra cost of increasing the rates of Service officers retired pay to the rates payable in 1919 would be about £500,000 per annum at present, increasing to about £850,000 per annum when the present war is ended.