On Tue, 05 Jul 2016 14:32:35 +0100, Dave Plowman (News) wrote:

Well until it was raided by GB the NI Pension Fund had a surplus of
some £50bn and rising.

There is no "NI Pension Fund".

It's got pension in the name. Good enough for bert.

Close enough, but still no banana.

There IS a National Insurance Fund.

But it doesn't have "pension" in the name, doesn't pay pensions, and has
run a mild deficit the last couple of financial years - £2.3bn deficit on
£93bn turnover, for FY2014-15. There's a balance of about £21bn, which is
down from a much higher balance largely due to 2012 accounting changes
refining previous assumptions, not "raids" by anybody.

https://www.gov.uk/government/upload...tachment_data/
file/472142/
National_Insurance_Fund_Accounts_Great_Britain_201 4_to_2015.pdf

http://webarchive.nationalarchives.g...203407/http://
http://www.gad.gov.uk/Documents/Soci...eport_2012.pdf