§ Sir K. Josephasked the Chancellor of the Exchequer what effect he estimates that the abolition of the retirement condition, the earnings rule and the system of increments would have approximately on the Revenue in 1960, assuming present rates of pension were paid at 60 for women and 65 for men unconditionally.
§ Mr. SimonAssuming that the employment of retired people will not be affected there would be a gain of Income Tax and Surtax of the order of £20 million.