The State Pension and benefits will rise by 10.1%, Jeremy Hunt announced today in a move spelling relief for millions of Brits.
After months of uncertainty and facing a Tory revolt, the Chancellor used his Autumn Statement to confirm both payments will go up by September’s figure of inflation.
A 10.1% rise - costing £11bn - will likely take the New State Pension up by £18.70 a week, from £185.15 to £203.85. The rise will be worth £870 over the year.
