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Old-Age Pensions

Volume 960: debated on Friday 15 December 1978

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asked the Secretary of State for Social Services what is his estimate of the cost to the Exchequer of(a)a 5 per cent. and(b)a 10 per cent. increase in the level of old-age pensions during the fiscal year 1979–80.

The full year cost of increasing old age pensions, that is, retirement pensions, old persons' pensions and supplementary pensions, excluding any tax offset, would be (a)£410 million ; (b)£820 million.