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To ask the Secretary of State for Work and Pensions, if she will make an assessment of the potential impact of differential uprating levels for (a) the additional state pension under the old pension system and (b) other elements of the state pension on levels of pensioner poverty.
To ask the Secretary of State for Work and Pensions, if she will make an assessment of the potential impact of differential uprating levels for (a) the additional state pension under the old pension system and (b) other elements of the state pension on levels of pensioner poverty.
The Secretary of State for Work and Pensions is required by law to undertake an annual review of State Pensions and benefits. Her review for this year will be based on CPI in the year to September 2024, and on earnings growth in the year to May-July 2024.
The Office for National Statistics will publish the average weekly earnings figure for May to July on 15 October and the CPI figure will be published on 16 October. The outcome of the review will be announced in the Autumn – and until the review has been concluded, it would not be appropriate to pre-judge the outcome. The new rates will take effect from April 2024.
The Government remains committed to supporting pensioners, and giving them the dignity and security they deserve in retirement. Through our commitment to protect the Triple Lock, over 12 million pensioners will benefit, with many expected to see their State Pension increase by over a thousand pounds over the next five years; the full new State Pension is forecast to increase by around £1,700 this Parliament.
To ask the Secretary of State for Work and Pensions, if he will make an assessment of the potential impact of differential uprating levels for (a) the additional state pension under the old pension system and (b) other elements of the state pension on levels of pensioner poverty.
To ask the Secretary of State for Work and Pensions, if he will make an assessment of the potential impact of differential uprating levels for (a) the additional state pension under the old pension system and (b) other elements of the state pension on levels of pensioner poverty.
There are no plans to make a formal assessment.
In 2022/23, there were 200,000 fewer pensioners in absolute poverty after housing costs than in 2009/10. Our sustained commitment to the triple lock demonstrates our determination to continue to combat pensioner poverty in future. As a result, the full yearly amount of the basic State Pension is now £3,700 higher, in cash terms, than in 2010.
To ask the Secretary of State for Work and Pensions, if he will make an estimate of the cost of uprating pensions payable through the Financial Assistance Scheme to the same level as those payable through the Pension Protection Fund.
To ask the Secretary of State for Work and Pensions, if he will make an estimate of the cost of uprating pensions payable through the Financial Assistance Scheme to the same level as those payable through the Pension Protection Fund.
The indexation rules for the Pension Protection Fund and the Financial Assistance Scheme are the same. Payments based on benefits accrued after April 1997 are increased in line with the Consumer Price Index, capped at 2.5 per cent. There is no award of increases on payments based on benefits accrued before April 1997.
Thank you, Sir Charles, for calling me to speak; I am very grateful. I thank everyone who has contributed to the debate.
There were two aspects of this issue that I wanted to raise. The first is domestic abuse cases about which many Members have spoken so eloquently. I have a...
Thank you, Sir Charles, for calling me to speak; I am very grateful. I thank everyone who has contributed to the debate.
There were two aspects of this issue that I wanted to raise. The first is domestic abuse cases about which many Members have spoken so eloquently. I have a...
Given the number of us in the Chamber, I do not think that this will be an afternoon of high drama. I, like others, do not intend to divide the House on the motion before us.
The Government made their decision on uprating last year. Pensioners around the country let out...
Given the number of us in the Chamber, I do not think that this will be an afternoon of high drama. I, like others, do not intend to divide the House on the motion before us.
The Government made their decision on uprating last year. Pensioners around the country let out...
Very briefly, the Pensions Minister will know, because there was a Westminster Hall debate on this a couple of weeks ago, about some of the issues experienced with
defined-benefit pension schemes with companies such as BP not applying the limits that have been recommended by the trustees. Does the shadow...
Very briefly, the Pensions Minister will know, because there was a Westminster Hall debate on this a couple of weeks ago, about some of the issues experienced with
defined-benefit pension schemes with companies such as BP not applying the limits that have been recommended by the trustees. Does the shadow...
With 60,000 BP pensioners impacted, it is unsurprising that I too have been contacted by constituents. There is a wider debate about the fact that if multinational companies such as BP and Shell are making these decisions, smaller companies will end up making similar decisions if something is not done....
With 60,000 BP pensioners impacted, it is unsurprising that I too have been contacted by constituents. There is a wider debate about the fact that if multinational companies such as BP and Shell are making these decisions, smaller companies will end up making similar decisions if something is not done....
Today is Equal Pay Day, which means, because of the gender pay gap, it is the day on which women, based on their average earnings, stop being paid compared with men, who continue to be paid to the end of the year. More concerning is the pension gap, which is...
Today is Equal Pay Day, which means, because of the gender pay gap, it is the day on which women, based on their average earnings, stop being paid compared with men, who continue to be paid to the end of the year. More concerning is the pension gap, which is...
Figures from the Trussell Trust show that food bank usage is at its highest ever level, and over the summer months a record 41,878 parcels of food were provided to 21,000 children in Scotland alone. Meanwhile, child poverty costs the Government £39 billion per year in poor health and educational outcomes. In order to tackle child poverty properly, will the Government commit to keeping benefits in line with inflation and lifting the two-child cap?
Figures from the Trussell Trust show that food bank usage is at its highest ever level, and over the summer months a record 41,878 parcels of food were provided to 21,000 children in Scotland alone. Meanwhile, child poverty costs the Government £39 billion per year in poor health and educational outcomes. In order to tackle child poverty properly, will the Government commit to keeping benefits in line with inflation and lifting the two-child cap?
We understand that things are really tough at the moment, which is why we have put in place £900 of cost of living support this year, but we also all need to work on bearing down on inflation. We are seeing it start to come down, but we know it is still too high, and we hope we will reach the Prime Minister’s pledge of halving inflation, because that is the biggest help we can give to households this year.
If he will have discussions with the Secretary of State for Work and Pensions on the potential merits of uprating benefits in line with inflation.
If he will have discussions with the Secretary of State for Work and Pensions on the potential merits of uprating benefits in line with inflation.
The Government are committed to supporting households with the cost of living, delivering over £94 billion of support, including uprating benefits by 10.1% this year. As I have said, the Secretary of State for Work and Pensions is undertaking his review, and I cannot pre-empt that.
It is a pleasure to follow the Chair of the Work and Pensions Committee, the right hon. Member for East Ham (Sir Stephen Timms). This is an opportunity for us to scrutinise the spending of the DWP as a whole, and I think it is important to reflect, as the...
It is a pleasure to follow the Chair of the Work and Pensions Committee, the right hon. Member for East Ham (Sir Stephen Timms). This is an opportunity for us to scrutinise the spending of the DWP as a whole, and I think it is important to reflect, as the...
I thank the hon. Gentleman for that contribution. Absolutely; I think we all look to the Scandinavian countries to see how they promote quality of life and support individuals, and we must think about how we can better support that. Indeed, the public generally tend to support that. They are...
I thank the hon. Gentleman for that contribution. Absolutely; I think we all look to the Scandinavian countries to see how they promote quality of life and support individuals, and we must think about how we can better support that. Indeed, the public generally tend to support that. They are...
The hon. Gentleman has campaigned on this issue, as have I. Does he agree that the response I received from the previous Secretary of State on this point—that under-25s were treated differently because they tended to still be at home with their parents—is a pretty spurious argument and excuse from...
The hon. Gentleman has campaigned on this issue, as have I. Does he agree that the response I received from the previous Secretary of State on this point—that under-25s were treated differently because they tended to still be at home with their parents—is a pretty spurious argument and excuse from...
Scope’s “Disability Price Tag” report has already been mentioned, but the £975 a month means that the extra payment of £150 does not cover even a week of additional costs, and it points to the lack of sufficiency for social security that the Chair of the Work and Pensions Committee...
Scope’s “Disability Price Tag” report has already been mentioned, but the £975 a month means that the extra payment of £150 does not cover even a week of additional costs, and it points to the lack of sufficiency for social security that the Chair of the Work and Pensions Committee...
The Chair of the Select Committee cites some damning statistics from the Trussell Trust. For all that food bank use is increasing overall, the inquiry by the all-party parliamentary group on ending the need for food banks, which the hon. Member for Blackpool North and Cleveleys (Paul Maynard) mentioned, has...
The Chair of the Select Committee cites some damning statistics from the Trussell Trust. For all that food bank use is increasing overall, the inquiry by the all-party parliamentary group on ending the need for food banks, which the hon. Member for Blackpool North and Cleveleys (Paul Maynard) mentioned, has...
It is a pleasure to follow the hon. Member for Broadland (Jerome Mayhew), who made a thoughtful contribution, although obviously there are differences of opinion on some of the things he said.
I am pleased to contribute to this year’s debate. The Minister’s initial contribution was pretty factual and to the...
It is a pleasure to follow the hon. Member for Broadland (Jerome Mayhew), who made a thoughtful contribution, although obviously there are differences of opinion on some of the things he said.
I am pleased to contribute to this year’s debate. The Minister’s initial contribution was pretty factual and to the...
I am happy to support any improvements to the process, but what the hon. Member has done is to point out just how complex these processes are and how difficult they can be for people to navigate. It is only when there is a proactive approach that we start to...
I am happy to support any improvements to the process, but what the hon. Member has done is to point out just how complex these processes are and how difficult they can be for people to navigate. It is only when there is a proactive approach that we start to...
I agree with the right hon. Gentleman. Scotland is not immune from that: with more and more ringfenced spending for Scottish Government priorities, local authorities have less and less discretionary spend to put into areas such as advice and support.
I want to touch on carer’s allowance. It will not surprise...
I agree with the right hon. Gentleman. Scotland is not immune from that: with more and more ringfenced spending for Scottish Government priorities, local authorities have less and less discretionary spend to put into areas such as advice and support.
I want to touch on carer’s allowance. It will not surprise...
That this House supports Carers Rights Day, taking place on 24 November 2022; recognises this year’s theme of Caring Costs, which acknowledges the enormous financial, mental and emotional burden faced by millions of unpaid carers looking after their loved ones across the UK; notes that many unpaid carers go unrecognised by both themselves and the Government; commends Carers Rights Day’s goals of increasing awareness, recognition and support for carers; notes the need for a strategic approach from the Government to identify and support unpaid carers; and calls on the Government to immediately give carers the support they need by uprating Carers Allowance at least in line with inflation.
That this House supports Carers Rights Day, taking place on 24 November 2022; recognises this year’s theme of Caring Costs, which acknowledges the enormous financial, mental and emotional burden faced by millions of unpaid carers looking after their loved ones across the UK; notes that many unpaid carers go unrecognised...
The Federation of Small Businesses says that business confidence is at its lowest rate since the pandemic, and in the Chancellor’s oral statement today there was no mention of energy support for business. All the written statement says is that businesses can expect significantly lower support. I have businesses, including...
The Federation of Small Businesses says that business confidence is at its lowest rate since the pandemic, and in the Chancellor’s oral statement today there was no mention of energy support for business. All the written statement says is that businesses can expect significantly lower support. I have businesses, including...