§ Dame Joan Vickersasked the Chancellor of the Exchequer whether he will provide in the Finance Bill that no one who was due to benefit from a reduction in income tax under the Income and Corporation Taxes (No. 2) Act, 1970, or under his recent Budget proposals, will have that benefit nullified by the proposed increase in national insurance contributions.
§ Mr. Patrick JenkinNo. The increased contributions are necessary to finance the proposed increases in National Insurance benefits.