§ Mr. Nottasked the Chancellor of the Exchequer what is his latest estimate of the weekly rise in the cost of living resulting directly from the United Kingdom's entry into the European Economic Community in the transitional period and to what extent he estimates the Government's proposals to link the State pension to future cost of living increases will compensate pensioners for any such increase.
§ Mr. HigginsIt is not possible to quantify the total net effect of Community membership on the retail price index in the transitional period. The Government, by adjustments of social benefits, will ensure that pensioners are protected against the adverse effects of any food price increases resulting from entry to the Community. Retirement pensions are now being reviewed every two years to ensure that they at least maintain their purchasing power.