HC Deb 06 June 2000 vol 351 c225W
Mr. Flynn

To ask the Secretary of State for Social Security, pursuant to his answer of 18 April 2000,Official Report, column 439W, what the national insurance fund balance would be, and how far above the minimum level recommended by the Government Actuary, at the end of each of the years 2002–03 and 2003–04, if the basic

£ million
1997–98 1998–99 1999–2000 2000–01 2001–02
Winter fuel payment (a) 200 200 760 1,380 1,210
Minimum income guarantee (b) 410 700 1,090
Total (c=a+b) 200 200 1,170 2,080 2,300
Retirement pension earning-uprated since April 1998 (d) 160 590 1,610 2,080
Extra spending (c-d) 200 40 580 480 220
Cumulative extra spending 200 240 820 1,300 1,520

Notes:

1. Rounded to the nearest £10 million.

2. Costs are in 1999–2000 terms.

3. Some figures do not appear to sum. This is due to rounding.

4. Average earnings assumptions for both (b) and (d) are based on an average of seasonally adjusted figures for the three months to July of the previous year, as originally published.