§ Mr. Austin Mitchellasked the Secretary of State for Social Services what would be the estimated cost to the Exchequer in 1986–87 of a reduction in national insurance contributions for employees of 1 per cent. of relevant earnings.
§ Mr. MajorOn the basis of the assumptions set out in his report on the draft of the Social Security (Contributions, Re-rating) Order 1985, the Government Actuary estimates that a reduction of 1 per cent. in the primary contribution rates would produce a loss of revenue amounting to £1,290 million in 1986–87.