HC Deb 05 February 1993 vol 218 c352W
Mr. Mandelson

To ask the Secretary of State for Social Security what would be the cost in(a) 1993–94, (b) 2015, (c) 2025, (d) 2035 and (e) 2045 of abolishing national insurance contributions for men aged 60 to 65 years.

Miss Widdecombe

The cost in income foregone to the national insurance fund of abolishing the employee national insurance contributions for men aged 60 to 65 would be as follows:

Year Cost £ million
1993–94 600
2015 800
2025 900
2035 900
2045 800

Notes:

1. Figures given in 1993–94 prices.

2. 1.5 per cent real earnings growth assumed.