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Mr. Tinker
asked the Chancellor of the Exchequer what would be the cost to the Treasury if the present basic rate of 10s. a week was increased to £1 a week to all old-age pensioners who are in receipt of pension and not in employment?
Sir K. Wood
The annual cost to the taxpayer of raising the rate of old-age pension to £1 a week to persons now pensioned who are not in employment is estimated at £40,000,000. This estimate is based on the following assumptions: