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Daily Mirror
Daily Mirror
Politics
Dan Bloom

What will new State Pension payment rates be - everything we know so far

The state pension is likely to rise by 10% or so in April 2023 - while millions of Brits see a real-terms wage cut.

Benefits including Universal Credit are also likely to rise by around 10% at the same time, the latest forecasts suggest.

This is because both rises are based on inflation, and inflation is of course soaring at the moment.

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