Pensions (Updating)

Part of Oral Answers to Questions — Social Security – in the House of Commons at 12:00 am on 23 April 1996.

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Photo of Oliver Heald Oliver Heald Parliamentary Under-Secretary (Department of Social Security) 12:00, 23 April 1996

If pensions had continued to be increased in line with the higher of earnings or prices since 1980, the additional cost to public funds would be £7.4 billion in 1996–97.