Social Security Payments: Uprating

Lord Davies of Brixton Excerpts

Monday 10th October 2022 Lords Chamber

[Lord Davies of Gower (Con)]

The Government are considering CPI at the moment, so I am going to have to repeat that we will have to wait to see what the figures are. At that point, I will be able to come back to the noble Baroness.

[Lord Davies of Brixton (Lab)]

My Lords, it would be remiss of me not to start by welcoming a fellow Lord Davies to the Front Bench. My question relates to retirement pensioners. I welcome the fact that the commitment to the triple lock has again been made, but the Minister will know that coming down the road in only two or three years is an increase in the state retirement age that is equivalent to a 10% cut in the pensions of people who retire after the increase. Of course, we are waiting for the independent report on the increase in the retirement age. Will the Minister give an indication of when we can expect that independent report?

[Lord Davies of Gower (Con)]

I am afraid that, as I stand here, I cannot give the noble Lord an indication of that. I will go back to the department and will write to him with any information it may have.