Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what assessment her Department has made of the adequacy of the recent State Pension increase.
Ensuring a decent foundation State Pension for pensioners is a priority for this Government. That is why we have set out our commitment to the Triple Lock throughout this Parliament. As a result, spending on people’s State Pensions is forecast to rise by over £31 billion.
Through our commitment to the Triple Lock, from April the basic and new State Pensions will increase by 4.1%. This means that over 12 million pensioners will benefit from an increase of up to £470 to their State Pension from April this year. That’s up to £275 more than if pensions had been uprated in line with inflation.