Pensions: Triple Lock Debate

Full Debate: Read Full Debate

Pensions: Triple Lock

Baroness Janke Excerpts
Wednesday 16th March 2022

(2 years, 9 months ago)

Lords Chamber
Read Full debate Read Hansard Text
Baroness Scott of Bybrook Portrait Baroness Scott of Bybrook (Con)
- Hansard - - - Excerpts

I cannot give the figure for that but am very happy to find somebody who can. I will let not only the noble Baroness but the House know it.

Baroness Janke Portrait Baroness Janke (LD)
- Hansard - -

My Lords, figures show that one in five pensioners in the UK are living in poverty, while 1.3 million retirees are undernourished and 25,000 die each year due to the cold weather. The Minister spoke about extraordinary changes in economic circumstances. Given these and the massive increase in energy costs, what additional support will the Government be providing for pensioners, who suffer particularly when energy costs are high?

Baroness Scott of Bybrook Portrait Baroness Scott of Bybrook (Con)
- Hansard - - - Excerpts

My Lords, I am conscious that I spoke about households with families before but all the money that the Government are giving for families is available as well to pensioners. The full annual amount of the state pension is worth over £2,300 more in cash terms now than it was in 2010. More than that, about 1.4 million of the most vulnerable pensioners also receive, as we have heard, £5 billion of pension credit. We know it is difficult out there. We are giving money to pensioners through our energy relief costs and living standards costs. We will continue to keep an eye on it and do what we can to increase their budgets.