HC Deb 08 February 1954 vol 523 cc83-4W
11. Mr. G. Thomas

asked the Minister of Pensions and National Insurance in what year he estimates that the National Insurance Fund will receive the same percentage contribution from the Exchequer as that paid in 1950.

Mr. Peake

There is no statutory provision for increasing the Exchequer contribution to the National Insurance Fund, but it is estimated that the position that the hon. Member appears to have in mind would be reached in 1956–57 if the additional sum of £86 million which the

£ million
Financial Year Exchequer Supplement under Section 2 (3) (a) Additional Sum under Section 2 (3) (b) Total
5th July, 1948 to 31st March, 1949 … 65.7 26.6 92.3
Ended 31st March, 1950 … … 95.7 40.0 135.7
Ended 31st March, 1951 … … 95.8 44.0 139.8
Ended 31st March, 1952 … … 80.5 24.0 104.5
Ended 31st March, 1953 … … 65.3 — 65.3

The Exchequer contributions to the National Insurance Fund which would have been payable had the basis of Section 2 (3) of the National Insurance

£ million
Financial Year ended Contributions payable under Section 2 (3)
Exchequer Supplement* under Section 2 (3) (a) Additional Sum under Section 2 (3) (b) Total
31st March, 1951 … … … 96 44 140
31st March, 1952 … … … 96 48 144
31st March, 1953 … … … 96 52 148
* Estimated—See Table III of the Government Actuary's Report on the Financial Provision of the National Insurance Bill, 1951 (Cmd. 8212 of 1951).

13. Mr. G. Thomas

asked the Minister of Pensions and National Insurance by what amount he estimates that the National Insurance Fund would have been increased this year if the Exchequer contribution had increased at the same percentage rates as the employed person's contribution. Fund will require to meet its expenditure in that year were provided by the Exchequer.

12. Mr. G. Thomas

asked the Minister of Pensions and National Insurance to publish in the Official Report a list showing the Exchequer contribution to the National Insurance Fund for 1948 and each succeeding year and the equivalent amounts that would have been paid for 1951, 1952 and 1953, respectively, on the financial basis of the 1948 agreement.

Mr. Peak

e: The Exchequer contributions to the National Insurance Fund during the period 5th July, 1948, to 31st March, 1953, were as follows:

Act, 1946, not been altered by the National insurance Acts, 1951 and 1952, where as follows:

Mr. Peake

Under the 1952 Act the employed person's contribution was increased by about 16 per cent. and the Exchequer supplement by about 13 percent. Had the latter been increased by 16 per cent. the Fund would have received about £1¾ million more; provided, of course, no consequential adjustments in the other contributions were made.