§ Mr. Willetts
To ask the Chancellor of the Exchequer what the marginal rates of tax and benefit withdrawal for pensioners are(a) in 2001–02 and (b) from October 2003. 
§ Ruth Kelly
Pensioners currently face a variety of marginal deduction rates (MDRs), which range from 10 per cent. for those who are liable to pay tax at the lower rate only to 100 per cent. for those with incomes below the minimum income guarantee (MIG). Following the introduction of the pension credit (PC) in October 2003, pensioners will still face MDRs between 10 and 100 per cent. However, some 1.6 million pensioner households that currently face MDRs of 100 per cent., which will be eligible for the PC, will see their rate cut to 40 per cent. This is because pensioner households will receive 60 pence for every £1 of income they have above
Project Accounting treatment Office automation in Customs and Excise The initial contract and subsequent additions were reviewed to decide the appropriate accounting treatment for the PFI contract. The Department used FRS 5, "Reporting the substance of contracts", and the methodology prescribed in the Treasury Taskforce, Private Finance, Technical Note No.l (revised), "How to account for PFI transactions" to determine the appropriate accounting treatment. The work carried out showed that the risks of ownership were borne by the provider and that the Department should not capitalise the assets. NIRS2 The arrangements for this project pre-dated the issue of the Treasury guidance. The accounting treatment for the Inland Revenue projects mentioned is reported in note 22 of the Department's 2000–01 resource accounts. The projects are operating leases and consequently are not included in the Department's balance sheet as fixed assets. Manchester Inland Revenue Offices Inland Revenue follows Treasury guidance and adopts the processes therein. The accounting treatment for the Inland Revenue projects mentioned is reported in note 22 of the-Department's 2000–01 resource accounts. The projects are operating leases and consequently are not included in the Department's balance sheet as fixed assets.
the level of the basic state pension (BSP) up to a maximum of £13.80 per week to reward them for saving for their retirement.