State Retirement Pensions

(asked on 20th February 2015) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of the cost to the public purse of raising the basic state pension by (a) 10, (b) 15 and (c) 20 per cent.


Answered by
David Gauke Portrait
David Gauke
This question was answered on 10th March 2015

Forecasts of expenditure on the basic State Pension are published at:

https://www.gov.uk/government/statistics/benefit-expenditure-and-caseload-tables-2014

In 2015/16 this is forecast to be approximately £68.45 billion in cash terms.

This can be used as the basis for calculating simple percentage increases.

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