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10 July 2006 : Column 1643W—continued
Pensions
Lynne Jones: To ask the Chancellor of the Exchequer what annual savings to 2012 he estimates would be made if the lifetime allowance for tax privileged pension savings was frozen at £1.5 million. [83071]
Ed Balls: As announced in Budget 2004 the lifetime allowance on the amount of pension saving that can benefit from tax relief has been set for years to and including financial year 2010-11.
The revenue yield is very difficult to estimate and the figures provided are consequently uncertain. In particular there are consequences for transitional protection arrangements and scope for behavioural change. The estimate is based on the number of individuals constrained in their contributions to pension saving by the LTA.
If the LTA were fixed at £1.5 million for a further five years until 6 April 2012, we estimate reduced pension contributions would yield additional income tax of around £150 million, aggregated over five years. This estimate takes into account the estimated reduction in tax yields as a result of reduced pensions in payment these contributions would otherwise have funded.
Personal Finance Education
Mr. Drew: To ask the Chancellor of the Exchequer how the Treasury, the Financial Services Authority and the Department for Education and Skills will measure the effectiveness of personal finance education being introduced into the school curriculum. [83258]
Ed Balls: The Qualifications and Curriculum Authority will monitor the effectiveness of personal finance education in the curriculum to ensure it remains current and appropriate for the needs of individuals and the nation. The FSA recently conducted a benchmark survey measuring the extent to which personal finance education is being taught in schools and the confidence of teachers in delivering it. This survey will be repeated every four to five years.
Population Statistics
David Simpson: To ask the Chancellor of the Exchequer what percentage of the population of (a) the UK and (b) each region of the UK is (i) under 25, (ii) between 25 and 34, (iii) between 35 and 44, (iv) between 45 and 54, (v) between 55 and 64 and (vi) over 65 years of age. [82922]
John Healey: The information requested falls within the responsibility of the National Statistician who has been asked to reply.
Letter from Karen Dunnell, dated 10 July 2006:
As National Statistician, I have been asked to reply to your question about what percentage of the population of (a) the UK and (b) each region of the UK is (i) under 25, (ii) between 25 and 34, (iii) between 35 and 44, (iv) between 45 and 54, (v) between 55 and 64 and (vi) over 65 years of age. (82922)
The latest available data, for mid-2004, are shown in the attached table.
| Mid-2004 Population Estimates: Population, percentage in selected age groups, by countries and Government office regions (GOR) within the United Kingdom | ||||||
| Percentage of the population who are aged: | ||||||
| Country /GOR | Under 25 | 25-34 | 35-44 | 45-54 | 55-64 | 65 and over |
| Note: Percentages may not add due to rounding. Source: Office for National Statistics | ||||||
Mr. Amess: To ask the Chancellor of the Exchequer what the population of (a) Southend-on-Sea and (b) Essex was in each year between 1976 and 2005; what it is estimated to be in 2006; and what assessment has been made of the future trend. [83457]
John Healey: The information requested falls within the responsibility of the National Statistician who has been asked to reply.
Letter from Karen Dunnell, dated 10 July 2006:
As National Statistician, I have been asked to reply to your question about what the population of (a) Southend-on-Sea and (b) Essex was in each year between 1976 and 2005; what it is estimated to be in 2006; and what assessment has been made of the future trend. (83457)
Mid-2005 population estimates for England and Wales are due to be published on 24 August 2006. The attached table therefore provides the requested data for the years 1976 to 2004 and 2003-based projections for 2005 and 2006. In addition, projections for 2011, 2016, 2021, 2026, and 2028 are also shown to indicate future projected trend. These projections show a projected increase in population of 10.5 per cent for Southend and 13.7 per cent for Essex over the 25 years between 2003 and 2028.
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