§ 76. Mr. Lewisasked the Minister of Pensions and National Insurance by how much he estimates that individual retirement pensions could be increased at an additional annual expenditure of £1,160 million and £1,416 million, respectively.
§ Mr. Boyd-CarpenterIt is estimated that, assuming proportionate increases for wives and dependants, an additional annual expenditure of £1,160 million would finance an increase in the standard rate of retirement pension of about £4 10s. a week initially falling to about £3 in twenty years' time; and that an additional annual expenditure of £1,416 million would finance an increase of about £5 10s. a week initially falling to about £3 15s. a week in twenty years' time. This assumes no increase in the other benefits of the National Insurance Scheme.