HC Deb 20 April 1959 vol 604 c11W
91. Miss Burton

asked the Minister of Pensions and National Insurance what would be the cost during the remainder of the current year, and in a full financial year, respectively, of increasing old age pensions by two shillings per week without additional contributions.

Mr. Boyd-Carpenter

The initial cost of an increase of 2s. in retirement pensions, assuming a proportionate increase in the pensions of wives on their husbands' insurance, would be about £26 million in a full financial year, and proportionately less for a shorter period. If corresponding increases were made in other National Insurance industrial injuries and war pension benefits the cost would be about £40 million a year. The cost of any pensions increase would, of course, grow in future years.

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