§ 71. Dr. Strossasked the Minister of Pensions and National Insurance what would be the additional cost of an increase of 10s. a week in the retirement pension; and what would be the offset saving to the Exchequer in its grants to the Assistance Board.
§ Mr. PeakeAn increase of 10s. a week in retirement pensions would cost an additional£110 million a year now, rising to double that amount in 25 years' time. The immediate consequential saving to 319W the Exchequer on National Assistance payments might be of the order of£25 million a year.