§ Ms. HarmanTo ask the Chancellor of the Exchequer what would be the estimated revenue yield in 1993–94, and what would be the full year effect, of abolishing the employee's national insurance upper earnings limit from October 1993.
§ Miss WiddecombeI have been asked to reply.
If the upper earnings limit for employees' contributions were abolished from October 1993, we estimate that the additional revenue yield for the six months indicated in 87W 1993–94 would be £1.2 billion and the full year effect would be 1.5 billion. About three million employees would have to pay extra national insurance contributions as a result.