HC Deb 29 March 1974 vol 871 cc233-4W
Sir Geoffrey Howe

asked the Secretary of State for Social Services in what proportion the resources necessary to pay for the increases in pensions and other social security and supplementary benefits are to be raised from (a) employers' contributions, (b) employees' contributions, and (c) the Exchequer.

Mrs. Castle

Of the total extra cost of the increased benefits, about 47 per cent. will be met by higher contribution rates for employers, 10 per cent. by higher contributions for employees and 3 per cent. by higher contributions for the self-employed and non-employed. The cost of increases in benefits paid from the Consolidated Fund, together with the increased Exchequer supplement to the Insurance Funds will amount to 23 per cent. of the total. The balance of 17 per cent. will be met from the growing income of the Insurance Funds under existing legislation.

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