Millions of older people are set for an annual increase of 8.5 per cent in April under the Triple Lock policy.
The September Consumer Price Index inflation rate will be announced on October 18 and forms part of the Triple Lock policy which is used to determine the annual State Pension uprating. Under the Triple Lock, the State Pension increases each year in line with whichever of these three measures are the highest - average annual earnings growth from May to July , CPI inflation in the year to September or 2.5 per cent.
He added: “But I think it needs to be a very exceptional circumstance where people can see that there’s a very good reason.” “We decided not to. So I think hopefully that indicates to you the priority with which we give that particular policy.” Those on the maximum Basic State Pension would see payments rise from the current £156.20 a week to £168.40 under an uprating of 7.8 per cent and £169.50 with 8.5 per cent.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Triple lock will be honoured in full Jeremy Hunt suggests, meaning state pension rise of 8.5%The Chancellor warned against breaking a manifesto promise amid speculation the state pension triple lock could be revised downwards
Weiterlesen »
New discovery could delay relapse in triple-negative breast cancerA team of researchers at the Medical University of Vienna has discovered that dormant tumor cells surviving chemotherapy can be targeted through the inhibition of a specific protein called P-glycoprotein (P-gp).
Weiterlesen »
New update on calls to scrap £159 TV Licence fee before increase due next AprilMore than 15,860 people have signed an online petition calling for the £159 TV Licence fee to be abolished.
Weiterlesen »
Lock, Stock and Two Smoking Barrels actor dies age 56Jake Abraham, who was born in Liverpool, was was diagnosed with prostate cancer earlier this year and in July he said he was receiving palliative care. | ITV News Granada
Weiterlesen »
Parrot picked lock of cage in Scots house before being found 30 miles awayAnimal lover Lorrett McCutcheon, 53, had just bought the bird before it launched a daring escape bid.
Weiterlesen »
Lorry stuck in field after three-vehicle smash as emergency crews lock down A92It is not yet known if anyone has been injured in the collision which happened at around 1.30pm on Tuesday at the Kilmany and Wormit junctions in Fife.
Weiterlesen »