National Insurance Contributions

HC Deb 20 July 1999 vol 335 cc456-7W

Mr. Heathcoat-Amory

To ask the Chancellor of the Exchequer if he will estimate the cost of reducing NI contributions by 0.5 per cent. [91648]

Dawn Primarolo

Reducing the National Insurance Contributions rates for employees, the self-employed and employers by 0.5 per cent. would cost about £2.9 billion in 2000–01.