The Chancellor is considering whether to strip out the effect of public-sector bonuses when calculating the state pension for next year
should rise by 8.5 per cent in 2024 under the formula used by the Treasury to calculate its annual increase.
The inflation rate for September – the month used to calculate the triple lock – will be revealed on Wednesday and is forecast to be somewhere around 6.6 per cent. The annual earnings increase for May to July was 8.5 per cent – meaning that figure will be the one used to determine the rate of pensions, because it is higher than inflation.
If the higher figure is used, the basic state pension for new claimants will rise from £203.85 a week to £221.20. If the lower earnings figure replaces it, the Treasury will save hundreds of millions of pounds but pensioners will lose £74 a year. The last time the triple lock was tweaked was in 2021, when average wages surged during the recovery from the pandemic, having dropped significantly in the previous year – meaning inflation was used as the measure instead.. He said: “I think that we have to be very careful not to break manifesto promises… sometimes it does happen, but I think it needs to be a very exceptional circumstance where people can see that there’s a very good reason.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
State pension triple lock under threat in Jeremy Hunt’s Autumn StatementJeremy Hunt is considering whether to strip out the effect of public-sector bonuses when calculating the level of the state pension for next year
続きを読む »
Washington football soars in AP poll, Ohio State takes aim at Penn State and moreWelcome to Until Saturday, the five-star college football newsletter.
続きを読む »
Dudley Zoo hunts owner of 'fearless' cat seen in enclosures - before it becomes a 'snack'The fearless feline has been seen freely roaming the park and enclosures.
続きを読む »
Dudley Zoo hunts owner of cat spotted in animal enclosuresKeepers are unable to get near the fearless feline to catch it and scan its microchip.
続きを読む »
The partywear trends you’ll be seeing everywhere this autumn 2023Here's what everyone will be wearing this party season...
続きを読む »
The latest Covid figures for Greater Manchester after rise in illnessThe disease saw a rise at the start of autumn
続きを読む »