§ Sir T. Beamishasked the Minister of Pensions and National Insurance what proportion of the gross national product was devoted to retirement pensions in the first full year of the scheme, in 1951, and in the last year for which figures are available.
§ Mr. WoodAbout 2.2 per cent. in 1949, 2.1 per cent. in 1951 and 3.3 per cent. in 1962, the last year for which figures are available.