HC Deb 20 January 1975 vol 884 c239W
Mr. Marks

asked the Secretary of State for Social Services what would be the estimated net cost of increasing retirement pension by £3.35 for a couple and £3.40 for a single person over and above the increases due in April if the extra income tax yield is taken into account as well as the savings on supplementary benefit.

Mr. Alec Jones

The cost would be about £935 million a year net of supplementary benefit savings. The income tax yield would be about £150 million a year at current levels of taxation.