Speeches

Angus Brendan MacNeil – 2016 Parliamentary Question to the Department for Work and Pensions

The below Parliamentary question was asked by Angus Brendan MacNeil on 2016-03-02.

To ask the Secretary of State for Work and Pensions, what the cost of state pensions to the Government as a proportion of GDP was over each of the last 30 years; and what the projected cost of state pensions as a proportion of GDP is over each of the next 30 years.

Justin Tomlinson

The requested information is available from 1991/92 to 2045/46 in the table below:

UK expenditure on State Pension as a proportion of Gross Domestic Product (GDP)

UK expenditure on State Pension as a proportion of GDP per million claimants of State Pension

1991-92

4.0%

0.39%

1992-93

4.0%

0.39%

1993-94

4.0%

0.39%

1994-95

3.9%

0.38%

1995-96

3.9%

0.36%

1996-97

3.8%

0.36%

1997-98

3.8%

0.35%

1998-99

3.9%

0.35%

1999-00

3.9%

0.35%

2000-01

3.8%

0.34%

2001-02

4.0%

0.35%

2002-03

4.0%

0.35%

2003-04

3.9%

0.34%

2004-05

3.9%

0.33%

2005-06

3.9%

0.33%

2006-07

3.8%

0.32%

2007-08

3.9%

0.32%

2008-09

4.2%

0.34%

2009-10

4.6%

0.36%

2010-11

4.5%

0.35%

2011-12

4.7%

0.36%

2012-13

4.9%

0.37%

2013-14

4.8%

0.37%

2014-15

4.8%

0.37%

2015-16

4.9%

0.37%

2016-17

4.8%

0.37%

2017-18

4.8%

0.36%

2018-19

4.8%

0.36%

2019-20

4.7%

0.36%

2020-21

4.6%

0.35%

2021/22

4.7%

0.35%

2022/23

4.8%

0.35%

2023/24

4.9%

0.35%

2024/25

5.0%

0.35%

2025/26

5.1%

0.35%

2026/27

5.2%

0.35%

2027/28

5.2%

0.35%

2028/29

5.2%

0.35%

2029/30

5.4%

0.35%

2030/31

5.5%

0.35%

2031/32

5.6%

0.36%

2032/33

5.8%

0.36%

2033/34

5.9%

0.36%

2034/35

5.9%

0.36%

2035/36

5.9%

0.36%

2036/37

5.9%

0.36%

2037/38

6.1%

0.36%

2038/39

6.2%

0.36%

2039/40

6.3%

0.36%

2040/41

6.4%

0.36%

2041/42

6.4%

0.36%

2042/43

6.5%

0.36%

2043/44

6.5%

0.36%

2044/45

6.6%

0.36%

2045/46

6.6%

0.36%