§ Mr. Meacherasked the Secretary of State for Social Services what has been the cost to the national insurance fund of inflation-proofing contracted-out pensions each year since 1978; and what estimates he makes for each of the next few years after 1984.
§ Dr. BoysonThe cost to the national insurance fund of inflation-proofing the guaranteed minimum pension has been as follows:
£ million 1979–80 Less than 1 1980–81 2 1981–82 6 1982–83 11 1983–84 21 The cost in future years will depend on the rate of inflation.