National Insurance Fund

Part of Oral Answers to Questions — Social Services – in the House of Commons at 12:00 am on 11 January 1977.

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Photo of Mr George Cunningham Mr George Cunningham , Islington South and Finsbury 12:00, 11 January 1977

I accept the general point about public finance, but how can my right hon. Friend justify charging a higher national insurance contribution in 1977–78 than is necessary to meet the due payment out of the fund, especially to people who expect to retire at about the end of that year? Surely they will be paying an amount beyond what is required to pay for their benefits?