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To ask the Secretary of State for Work and Pensions what recent estimate he has made of the costs of uprating the basic state pension on the basis of average earnings in each year from 2008-09 to 2015-16; and if he will make a statement.
To ask the Secretary of State for Work and Pensions what recent estimate he has made of the costs of uprating the basic state pension on the basis of average earnings in each year from 2008-09 to 2015-16; and if he will make a statement.
| Table 1: Cost of earnings uprating the basic state pension, net of income related benefits | |
| £ billion, 2006-07 prices | |
| Cost of uprating from 2008 | |
| 2008-09 | 0.4 |
| 2009-10 | 0.9 |
| 2010-11 | 1.5 |
| 2011-12 | 2.1 |
| 2012-13 | 2.7 |
| 2013-14 | 3.4 |
| 2014-15 | 4.0 |
| 2015-16 | 4.7 |
| Notes: | |
| 1. The analysis is based on the reform proposals presented in the Pensions Bill rather than the White Paper. Some methodological improvements were made to the projections of basic state pension expenditure and revised data has been used between publication of the White Paper and the introduction of the Pensions Bill. | |
| 2. Net costs include savings seen from reduced expenditure on other income related benefits (pension credit, housing benefit and council tax benefit). They do not include any change in income tax revenue or national insurance. Annex A of the Pensions Bill RIA shows the cost of earnings uprating the BSP on a gross basis. | |
| 3. Net costs assume the pension credit standard minimum guarantee is uprated by earnings from 2008. | |
| 4. Figures do not include the effect of any other reform measures. | |
| 5. Costs or savings presented in the table are based on long-term projections of United Kingdom benefit spend, consistent with the pre-Budget report 2006. | |
| 6. Figures exclude the effect of personal accounts. |
Public petition from individuals who are concerned about the existing arrangements for uprating the basic state pension for people who live abroad, calling on the House of Commons to urge the Secretary of State for Work and Pensions to establish forthwith absolute parity in the payment of fully uprated pensions...
Public petition from individuals who are concerned about the existing arrangements for uprating the basic state pension for people who live abroad, calling on the House of Commons to urge the Secretary of State for Work and Pensions to establish forthwith absolute parity in the payment of fully uprated pensions...
To ask the Secretary of State for Work and Pensions what estimate he has made of the value of the basic state pension as a proportion of average earnings were current uprating policy to continue in (a) 2010, (b) 2020, (c) 2030, (d) 2040 and (e) 2050.
To ask the Secretary of State for Work and Pensions what estimate he has made of the value of the basic state pension as a proportion of average earnings were current uprating policy to continue in (a) 2010, (b) 2020, (c) 2030, (d) 2040 and (e) 2050.
| Percentage | ||
| Full-time median earnings | Full-time mean earnings | |
| 2010 | 17 | 14 |
| 2020 | 14 | 12 |
| 2030 | 12 | 10 |
| 2040 | 10 | 8 |
| 2050 | 8 | 7 |
| Note: The figures are based on the earnings of full-time employees as recorded by the Annual Survey of Hours and Earnings (ASHE). In April 2005 the figure for median earnings was £431 a week and mean earnings was £517. |
That this House believes that British pensioners living in countries where the value of their pensions are frozen and not uprated annually in line with inflation is an injustice that should not be allowed to continue given that they have paid taxes and national insurance for their pensions; considers that treating these pensioners differently from those living in other overseas locations who have their pensions automatically uprated is increasingly out-dated in a world of great freedoms; further believes that the state's role is to support individuals in planning and retirement security and that this cannot be achieved if for no logical reason an individual's entitlement is affected by where they retire; and calls on the Government as it considers proposals for future pension reform to meet groups representing pensioners affected by frozen pensions to discuss how reform of the pension system to one fit for the 21st century will affect them, and how a just system of pension provision can be secured for those who move overseas.
That this House believes that British pensioners living in countries where the value of their pensions are frozen and not uprated annually in line with inflation is an injustice that should not be allowed to continue given that they have paid taxes and national insurance for their pensions; considers that...
To ask the Secretary of State for Work and Pensions, what his estimate is of the cost of raising the basic state pension to the level of the minimum income guarantee; and if he will make a statement. - Inc figures.
To ask the Secretary of State for Work and Pensions, what his estimate is of the cost of raising the basic state pension to the level of the minimum income guarantee; and if he will make a statement. - Inc figures.
To ask the Secretary of State for Education and Skills, what plans she has to increase the level of tuition fees in England and Wales; and if she will make a statement.
To ask the Secretary of State for Education and Skills, what plans she has to increase the level of tuition fees in England and Wales; and if she will make a statement.