Civil Servants' Pensions

Oral Answers to Questions — National Finance – in the House of Commons at on 15 December 1942.

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Photo of Commander Sir Archibald Southby Commander Sir Archibald Southby , Epsom

asked the Chancellor of the Exchequer whether he is aware of the hardships which increased taxation and the increased cost of living have occasioned to retired civil servants living on fixed pensions; and whether, in view of the recent increases in pay and allowances to members of the Forces and others, he will reconsider the case of these pensioners?

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

I would refer my hon. Friend to the answer which I gave on 10th

Treasury Deposit Receipts.
Year to 30 June 1941. £ millions.Year to 30 June 1942. £ millions.Period. 1 July—5 Dec. 1942. £ millions.
Amount lent9731,519787
Amount paid off on maturity3121,024352
*Amounts repaid to cover subscriptions to:
2½ per cent. National War Bonds11320056
3 per cent. Savings Bonds287722
Post Office Issues (various)101
Tax Reserve Certificates (1 per cent.)13635
Total amount of interest paid on Treasury£££
Deposit Receipts at 1⅛ per cent.2,056,0007,055,0002,366,000
* The allocation of the amounts repaid between the different classes of war loans is approximate. The subscriptions include both those on the banks own account also those on behalf of their customers.

December to my hon. Friend the Member for Lincoln (Mr. Liddall) [OFFICIAL REPORT, Vol. 385, cols. 1718–9].

Photo of Commander Sir Archibald Southby Commander Sir Archibald Southby , Epsom

Will my right hon. Friend bear in mind the feelings of these people who have given good service to the State when they see, on grounds of the increased cost of living, increases in pay and wages granted in other directions, while they are suffering great inconvenience and hardship?

Photo of Admiral Sir Roger Keyes Admiral Sir Roger Keyes , Portsmouth North

Will the Chancellor also consider the case of Service pensioners who after the last war were given a pension based on the cost of living, that the pension was lowered as the cost of living decreased, and that finally it was stabilised when the cost of living was 40 per cent. less than it is to-day?