§ 66. Mr. McKayasked the Minister of Pensions and National Insurance if he is aware that £95 million is being lost in revenue to the Exchequer arising out of employers' contributions to private company pensions schemes being recognised as a cost of production and workers' contributions to these schemes being tax free; what has been the average contribution by the Exchequer to the National Insurance Fund during the four calendar years 1952 to 1955, inclusive; and what it was on an average from 1948 to 1951.
§ Mr. Boyd-CarpenterAs regards the first part of the Question, I would refer the hon. Member to the replies given to him by my right hon. Friend the Chancellor of the Exchequer on 1st November. As regards the Exchequer contribution to the National Insurance Fund, the average figures for the financial years 1952–56 and 1948–52 are respectively £74½ million and £126 million.