HC Deb 10 February 1967 vol 740 cc375-6W
Mr. Ridsdale

asked the Chancellor of the Exchequer how much would be needed to restore public service pensions to the purchasing power they had when the last public service pension increase was made.

Mr. MacDermot

About £9.5 million, on the basis of the Ministry of Labour's index of retail prices up to December, 1966.

Mr. Ridsdale

asked the Chancellor of the Exchequer how much would be needed to restore public service pensions to the relative position they had to average wage and salary earnings when the last public service pension increase was made.

Mr. MacDermot

About £9 million, on the basis of the Ministry of Labour's monthly index of average earnings of all employees up to November 1966 (the latest date for which information is available).