The Department for Work and Pensions (DWP) will announce the State Pension and benefits uprating next month following a scheduled annual review which takes place after the release of the September Consumer Price Index (CPI) inflation figures in October.
The Secretary of State is required by law to review certain benefit rates annually to ensure they retain their value and the Work and Pensions Committee has already pressed Chancellor Kwasi Kwarteng to honour the commitment made by the former Chancellor, Rishi Sunak, to uprate benefits in April 2023 in line with the September 2022 CPI rate.
When questioned in Parliament, the Chancellor stated that the UK Government “will make announcements about that in due course,” sparking doubts about the likelihood of uprating. And one MP has now asked DWP about any assessments it has made into the real-term value of the State Pension following the increase in the cost of living.
