HC Deb 19 December 1929 vol 233 c1657W
Mr. REMER

asked the Minisiter of Labour what was the amount paid into the National Unemployment Insurance Fund by employers and employés during 1928?

Miss BONDFIELD

During the calendar year 1928, the amount paid into the Unemployment Fund by employers and employés was approximately £30,7780,000.

Mr. REMER

asked the Minister of Labour what was the amount of overdraft on the National Unemployment Insurance Fund during the first week in December?

Miss BONDFIELD

The, debt of the Unemployment Fund to the Treasury on 7th December, 1929, was £37,640,000.

Mr. RAMSBOTHAM

asked the Minister of Labour the annual increase in the Unemployment Fund debt in each year since this debt began to be incurred?

Miss BONDFIELD

The Fund began to run into debt in July, 1921. Since then the amount of the debt has fluctuated, and the amounts outstanding in July of each year are as follow:

£
9th July, 1921 75,000
8th July, 1922 13,793,068
7th July, 1923 15,075,121
5th July, 1924 6,679,475
11th July, 1925 7,975,722
10th July, 1926 10,970,000
9th July, 1927 23,800,000
7th July, 1928 25,680,000
6th July, 1929 36,500,000