Part of Oral Answers to Questions — National Finance. – in the House of Commons at on 7 February 1929.
Mr Winston Churchill
, Epping
The total contributions of employers and employed towards the unemployment insurance scheme now amount to approximately £31 millions a year, and if the scheme were entirely a State charge without alteration in any other respect, this sum would have to be found by the Exchequer, in addition to its actual contribution of £12 millions. My hon. Friend will, however, realise that so fundamental a change as the abolition of all contributions would tend to have considerable reactions on the whole structure of the scheme.