§ Paul FlynnTo ask the Chancellor of the Exchequer what plans he has to compensate the National Insurance Fund for the loss of contribution income from employers resulting from the introduction of(a) the Landfill Tax, (b) the Climate Change Levy and (c) the Aggregates Levy. [2386]
§ Mr. Andrew SmithNone. The reductions in employers' National Insurance contributions were and are to be recycled through the proceeds of the Landfill Tax, the Climate Change Levy and the Aggregates Levy, thereby protecting UK competitiveness and employment while helping the UK to achieve its environmental objectives.
§ Paul FlynnTo ask the Chancellor of the Exchequer by how much the National Insurance Fund balance at the end of the year 2000–01 exceeded the minimum level recommended by the Government Actuary. [2387]
§ Mr. Andrew SmithThe estimated balance of the National Insurance Fund at the end of 2000–01 is likely to have exceeded the minimum level recommended by the Government Actuary by around £10.6 billion.