§ Mr. Arthur Lewisasked the Chancellor of the Exchequer (I) what effect the recently announced increases in the National Insurance contributions on employers and employed will have on the purchasing value of the £ sterling;
(2) to what extent he estimates the recently announced increases in the National Insurance contributions on employers and employed will increase the cost of living.
§ Mr. TaverneSome small indirect effect on prices (and so on the purchasing power 59W of the £ sterling) through the increases in employers costs is likely, but it is difficult to specify the timing and extent of this.