HC Deb 13 December 1988 vol 143 c535W
Mrs. Beckett

To ask the Secretary of State for Social Security what is the most recent estimate of the cost to the national insurance fund for 1988–89 of the 2 per cent. subsidy payable under sections 1 and 7 of the Social Security Act 1986; and how much of this relates to contributions in respect of the year 1987–88.

Mr. Peter Lloyd

The general rule is that incentives payable under sections 1 and 7 of the Social Security Act 1986 in respect of 1987–88 and 1988–89, will be paid in 1989–90. The Government Actuary has followed this assumption when deriving the estimate that £310 million of incentives will be paid in 1989–90, of which £80 million relates to contributions in respect of 1987–88, and £230 million relates to 1988–89.

All figures are consistent with the Government Actuary's report on the uprating and rerating orders, (Cm. 537).

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