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National Insurance Fund

Volume 487: debated on Tuesday 10 February 2009

To ask the Chancellor of the Exchequer what assessment he has made of the merits of using future national insurance fund surpluses to fund an increase in the state pension. (255767)

I refer the hon. Member to the answer given by my right hon. Friend (Mr. O'Brien) the Minister for Pension Reform on 5 March 2008, Official Report, column 2605W.

Any increase in the basic state pension has a cumulative impact on Government spending going forward. The Government consider the short-term use of the surplus on the national insurance fund in this way to be unsustainable in the long term.