HC Deb 17 July 2003 vol 409 cc533-4W
Mr. Gray

To ask the Secretary of State for Work and Pensions when he last met the Chairman of the Countryside Agency to discuss rural proofing. [115576]

Cost in future years of increasing the deferral rate
Year
Increase deferral rate (per cent.) to: 2004 2005 2010 2015 2020 2025 2030 Ultimate
10.4 2 6 40 45 45 40 30 0
20 7 26 175 275 315 320 310 165
30 13 47 315 510 595 615 605 335
40 19 68 455 750 875 915 895 505
50 25 89 595 985 1155 1210 1185 675

Notes:

1. Costs include the effect of increasing the deferral rate to 10.4 per cent. in 2010, as detailed in 1995 Pensions Act

2. Figures shown in million in 2003–04 price terms

3. Figures for 2004 and 2005 rounded to nearest £1 million. Figures for 2010 and later rounded to nearest £5 million.

Maria Eagle

My right hon. Friend met Sir Ewen in February of this year.