HC Deb 06 February 2004 vol 417 c1082W
Mr. Webb

To ask the Chancellor of the Exchequer if he will make it his policy not to collect national insurance contributions from individuals who will reach state pension age during the course of a financial year where those individuals will be unable to accrue any additional rights to contributory benefits in respect of those contributions. [153409]

Dawn Primarolo

The UK national insurance scheme operates on the "pay as you go" principle so that the contributions paid by people of working age fund the benefits of people who are currently claiming benefit. The Government believes that it is right that working people between the ages of 16 and the state retirement age should contribute to the payment of benefits of those not in work and to the funding of the NHS.

Mr. Frank Field

To ask the Chancellor of the Exchequer what the size of the surplus on the national insurance fund has been in each of the last 20 years; and how much of this surplus was borrowed by the Government, and at what rate of interest, in each of those years. [153407]

Dawn Primarolo

The following table shows the excess of receipts over payments for the National Insurance Fund for the past 20 years. Negative figures indicate an excess of payments over receipts.

Financial year Excess of receipts over payments (£ million)
1983–84 580
1984–85 374
1985–86 316
1986–87 414
1987–88 1,581
1988–89 3,081
1989–90 -62
1990–91 1,485
1991–92 -3,459
1992–93 -4,897
1993–94 1,112
1994–95 2,279
1995–96 1,008
1996–97 -98
1997–98 1,871
1998–99 2,669
1999–2000 2,161
2000–01 4,841
2001–02 4,351
2002–03 2,899

Notes:

1. Figures refer to the Great Britain National Insurance Fund only. Northern Ireland has a separate Fund.

2. Figures are taken from the National Insurance Fund accounts, which are published annually by The Stationery Office.

Details of investments are set out in the National Insurance Fund Accounts published annually by The Stationery Office.

Forward to