§ Mr. Knoxasked the Secretary of State for Social Services what was the rise in the basic State retirement pension, expressed in real terms, between October 1964 and June 1970 and between June 1970 and the latest available date ; and what average annual rate of increase this represents.
§ Sir K. JosephThe information is as follows :
The rise in the standard single national insurance retirement pension, expressed in real terms at October 1973 cash values, was :
October 1964 to June 1970 £0.83 June 1970 to October 1973 £1.12 The average annual rate of real increase was :
October 1964 to June 1970 2.4 per cent. June 1970 to October 1973 4.8 per cent.