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Money there to boost pensions

This article is over 21 years, 11 months old
Issue 1683

Money there to boost pensions

THE GOVERNMENT has a huge 6 billion surplus in the National Insurance fund. It could fund a 600 payment to each of Britain’s ten million pensioners this year. The stash shatters New Labour’s claim that it cannot afford to give pensioners more than a meagre 75p a week rise in their pensions. An official government report shows the surplus will increase to 9 billion next year.

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