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The estimated cost of increasing the age addition, at age 80, to (a) £2.50 and (b) £5.00, in each of the next five years is shown in the following table, as well as additional expenditure relative to that of the current level.
Estimated cost of increasing the value of the age addition:
(a) Cost of age addition at £2.50 Additional expenditure (b) Cost of age addition at £5.00 Additional expenditure 2008-09 345 310 685 650 2009-10 340 305 685 650 2010-11 340 305 680 645 2011-12 340 310 685 650 2012-13 350 315 700 665 Notes: 1. Costs are presented in £ million, for Great Britain, in 2008-09 terms, rounded to the nearest £5 million. 2. Additional expenditure is relative to the cost of the current level of age addition—£0.25. Source: DWP modelling.