§ Mr. SwinneyTo ask the Chancellor of the Exchequer what estimate he has made of the change to income tax receipts resulting from the basic state pension being uprated in line with earnings after 2002–03. [151795]
§ Dawn Primarolo[holding answer 5 March 2001]: The full year income tax effect of uprating basic state retirement pensions by average earnings instead of retail prices in 2003–04 is estimated to be £65 million.
399WThe estimate is based on the Survey of Personal Incomes and is consistent with the November 2000 pre-Budget report.