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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.
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.
To ask the Secretary of State for Work and Pensions, what factors her Department will take into account when it next makes an assessment of the potential merits uprating of benefits; and whether the energy price cap will be taken into account when making that assessment.
To ask the Secretary of State for Work and Pensions, what factors her Department will take into account when it next makes an assessment of the potential merits uprating of benefits; and whether the energy price cap will be taken into account when making that assessment.
The Secretary of State for Work and Pensions is required to undertake an annual statutory review of benefits and pensions. She uses the Consumer Prices Index (CPI) in the year to September to measure inflation and average weekly earnings for the period May to July to measure earnings. The Office for National Statistics publish these figures in October.
The Secretary of State must increase certain benefits by at least the increase in prices or earnings. If she considers it appropriate, having regard to the national economic situation and any other matters which she considers relevant, she may increase others by such a percentage(s) as she thinks fit.
Her review will commence in the autumn and her decisions will be announced to Parliament in November in the normal way.
To ask the Secretary of State for Work and Pensions, what assessment she has made of the impact on the finances of unpaid carers of uprating Carer's Allowance by 3.1 per cent in the context of a predicted increase in inflation of 7.25 per cent.
To ask the Secretary of State for Work and Pensions, what assessment she has made of the impact on the finances of unpaid carers of uprating Carer's Allowance by 3.1 per cent in the context of a predicted increase in inflation of 7.25 per cent.
I refer the Hon member to the answer I gave on 24 March 2022 to Question Number 142004.
To ask the Secretary of State for Work and Pensions, if she will lift the benefit cap in the context of the rise of the cost of living.
To ask the Secretary of State for Work and Pensions, if she will lift the benefit cap in the context of the rise of the cost of living.
There is a statutory duty for the Secretary of State to review the benefit cap levels once in each Parliament. The review will happen at the appropriate time, as determined by the Secretary of State.
To ask the Secretary of State for Work and Pensions, what recent progress has been made on securing reciprocal agreements with countries outside of the EU to facilitate the uprating of state pension to UK citizens living abroad.
To ask the Secretary of State for Work and Pensions, what recent progress has been made on securing reciprocal agreements with countries outside of the EU to facilitate the uprating of state pension to UK citizens living abroad.
The UK State Pension is payable worldwide to all who satisfy the qualifying conditions.
The policy on the up-rating of UK State Pensions paid overseas is longstanding and has been supported by successive post-war governments for over 70 years.
The Government has no plans to change this policy.