Clearly, a quote done at that time would be using the money of the day. We would not be doing it in cash terms; we would be doing it in today’s money, or the money of that day. Yes, it was 2013-14 money.
On the question of neutrality, the reforms would cost no more than the current system overall and will not be more generous to future pensioners, so the
additional national insurance revenue will not be recycled within the state pension system but will contribute to other reforms such as the cap on social care costs and the employment allowance, as announced in the Budget 2013.