§ 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.