HL Deb 29 October 1997 vol 582 c241WA
Lord Marsh

asked Her Majesty's Government:

What is the revenue cost of providing the basic state pension to persons taxed at the basic and higher tax rates of 23 per cent. and 40 per cent.

Lord McIntosh of Haringey

The estimated cost at 1997–98 income levels of providing the basic state retirement pension to basic and higher rate taxpayers is £5.9 billion.