The paper set out the constitutional basis for the principle, with the philosophy of “common citizenship of the United Kingdom with consequent common rights and obligations. The principle of parity in taxation and in national insurance contributions brings in its wake parity in benefits.” The paper went on to examine the consequences for public expenditure if there was a move away from parity. “Viewed in purely financial terms, any increase above parity in the rates of contributory benefits would require to be financed out of the National Insurance Fund by an increase in the local rates of contributions, and might also put at risk the existing annual ‘parity’ transfer from the Great Britain fund....
Posted on: Thu, 04 Sep 2014 09:56:58 +0000
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