State pension rise to be just 2.5% for 13m after energy price rises '​fell out of inflation figures'​

Pensioners will receive only a 2.5 per cent rise in their state pension next year after inflation, which has impoverished millions on fixed incomes in the past year, eased back at the crucial point the annual rise in the state pension is set.

The Office of National Statistics today said the consumer prices index (CPI) fell to 2.2 per cent in September - the month used by the Department of Work and Pensions to fix a rise in the weekly payments made to 13million Britons.

However, a ‘​triple lock’​ commitment was made in 2010 - a guarantee to give pensioners a rise of the best of prices, earnings or 2.5 per cent on the basic state pension.

More from This Is Money

Comments

Write comments...
or post as a guest
Loading comment... The comment will be refreshed after 00:00.

Be the first to comment.

Free PIP, ESA & UC Updates!

Delivered Fortnightly

Over 110,000 claimants and professionals subscribe to the UK's leading source of benefits news.

 
iContact
We use cookies

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.