HC Deb 17 June 2002 vol 387 c136W
Mr. Frank Field

To ask the Chancellor of the Exchequer if he will estimate the additional(a) income tax and (b) VAT which would be paid if the basic state pension was raised to £120 a week for the single pensioner and £150 for married couples in (i) 2002–03 and (ii) 2003–04. [61256]

Dawn Primarolo

The estimated income tax yield wold be some £2.8 billion in 2002–03 and £3.3 billion in 2003–04. The VAT yield would depend on what pensioners decided to do with the increase.

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