HC Deb 24 February 1992 vol 204 c415W
Mr. Nicholas Brown

To ask the Secretary of State for Social Security what would be the cost in 1991–92 and 1992–93 of abolishing the 2 per cent. rate of national insurance contributions on earnings below the lower earnings limit.

Mr. Jack

We estimate that the loss in revenue would be about £1 billion in both 1991–92 and 1992–93.