Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what recent assessment she has made of trends in the level of real terms value of the state pension following the increase in the cost-of-living.
The Government has acted to protect pensioners against the current cost of living situation with a range of support. The value of the State Pension should not be considered in isolation.
Since 2010, the full yearly amount of the basic State Pension has risen by over £2,300, in cash terms. That's £720 more than if it had been uprated by prices, and £570 more than if it had been uprated by earnings. The Government has committed to implementing the Triple Lock in the usual way for the remainder of the Parliament.