Question to the Department for Work and Pensions:
To ask His Majesty's Government, in the light of the publication of the State Pension uprating analysis on 29 September, what proportion of average earnings they estimate the full rate of the new state pension will represent following the uprating due in April 2029; and what assumptions regarding average earnings growth and earnings levels underpin that estimate.
The proportion of average earnings the new State Pension will reach in April 2029 will depend on the levels of inflation and wage growth in the coming years.