§ Mr. WebbTo ask the Chancellor of the Exchequer if he will estimate the additional yield for National Insurance contributions in each of the next five financial years if the upper earnings limit for employee contributions and the upper profits limit for self-employed contributions were to be raised in line with average earnings. [103142]
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§ Dawn PrimaroloThe levels of upper earnings limits have been announced for 2000–01 and 2001–02. However, if the limits were increased in the following three years by average earnings instead of inflation then the additional yield this would generate is shown in the table:
Weekly level of the UEL/UPL if increased by average earnings from 2001–02 (£) Yield against current proposals (£ million) 2002–03 600 130 2003–04 625 200 2004–05 650 335 The estimates are consistent with projections given in the November 1999 pre-Budget Report.