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Manchester Evening News
Manchester Evening News
National
Kieran Isgin

How much weekly state pension payments will be next year following Autumn Budget

Jeremy Hunt Inflation

The Secretary of State for Work and Pensions and the Treasury have undertaken a review of State Pensions.

The results of the new rates for pensions included in the review have now been published and provide a guide for how much State Pensions will go up by 2023/24. It's important to note that the Basic and New State Pensione will be up-rated in line with CPI inflation after the government confirmed its commitment to the triple lock.

Chancellor Jeremy Hunt confirmed that state pensions will rise in line with inflation and that the pension credit will increase by 10.1per cent. He also highlighted that the commitment would cost the government £11bn

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