HC Deb 27 February 1968 vol 759 c307W
Dr. David Owen

asked the Chancellor of the Exchequer what he estimates to be the saving to the National Insurance Fund for the years 1968–69 to 1969–70 of a rise in average earnings of an average 3½ per cent. per year during this period.

Mr. Diamond

It is estimated that at present rates of benefit a rise in average earnings of 3½ per cent. per annum over the years 1968–69 and 1969–70 would lead to increases in the net income of the National Insurance Fund of £6 million and £19 million respectively.