'It is worth remembering that this increase simply reflects the rise in the cost of living which pensioners have had to manage,' Steve Webb commented
‘It is worth remembering that this increase simply reflects the rise in the cost of living which pensioners have had to manage,’ Steve Webb commentedThe state pension could surpass £10,000Currently, the full new state pension is £185.15 per week, following a 3.1 per cent rise which equates to £9,627.80 a year.
Inflation in August sat at 9.9 per cent, down from 10.1 per cent in July. Meanwhile, the latest earnings growth figure, based on total pay including bonuses, came in at 5.5 per cent.People that are already retired and on the “But it is worth remembering that this increase simply reflects the rise in the cost of living which pensioners have had to manage, and that this comes on top of an increase of just 3.1 per cent this April when inflation was far higher.
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