The State Pension will rise under the Triple Lock policy, but benefits may not.
Rishi Sunak has declined to rule out real-terms cuts to benefits amid suggestions the move could be taken to free up cash for tax cuts ahead of the next general election. Chancellor Jeremy Hunt is reportedly weighing up breaking with custom by not raising benefit payments in line with inflation when he delivers his Autumn Statement in November.
The Office for National Statistics will release the latest earnings growth figures on September 12 which could prove to be the uprating measure under the Triple Lock policy, which ensures State Pensions rise by the higher of September’s Consumer Price Index , earnings growth, or 2.5 per cent. Mr Sunak declined to “speculate” about what will be in the Chancellor’s Autumn Statement on November 22 when asked if he could guarantee benefits will rise with inflation.
“So people should be reassured that that extra support is there for the most vulnerable in our society at a time which I know is difficult and that’s why we have to bring inflation down,” he said.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
People of State Pension age could enjoy bonus of up to £3500It also acts as a 'passport' to additional help with housing costs, council tax and heating bills
Read more »
Despite loss, Arizona State's Kenny Dillingham can learn from Oklahoma State's Mike GundyOn a key fourth down, the first-year Arizona State coach stayed true to himself and gambled. This time it didn't work out.
Read more »
Powerful quake in Morocco kills more than 600 people and damages historic buildings in MarrakechA rare, powerful earthquake struck Morocco late Friday night, killing hundreds of people and damaging buildings from villages in the Atlas Mountains to the historic city of Marrakech. Morocco’s Interior Ministry said Saturday morning that at least 632 people had died, and another 329 people were injured. Casualty figures were expected to rise more as the search continues and as rescuers reach remote areas. Moroccan media reported that the 12th century Koutoubia Mosque in Marrakech, one of the city’s most famed landmarks, suffered damage, but the extent was not immediately clear. Moroccans also posted videos showing damage to parts of the famous red walls that surround the old city in Marrakech, a UNESCO World Heritage site.
Read more »
Morocco earthquake latest: Powerful earthquake kills at least 632 people and injures hundreds moreAt least 632 people have been killed following a 6.8 magnitude earthquake in Morocco, officials have said. Many of the fatalities are said to be in hard-to-reach areas south of Marrakech.
Read more »
Powerful earthquake hits Morocco killing at least 632 people and injuring hundreds moreA strong earthquake of magnitude 6.8 has struck Morocco, leading to building collapses and hundreds of deaths
Read more »