Oral QuestionTreasury

What fiscal steps she is taking to support pensioners with the cost of living.

Tabled: 27 August 2024Answered: 3 September 2024

Asked by

Caroline Voaden

Liberal DemocratSouth Devon

Answering Minister

the Chancellor of the Exchequer

Answer from Hansard

The Chancellor of the Exchequer (Rachel Reeves)

This Government support the triple lock. As a result, the state pension is worth £900 more than it was this time last year. In April, it will go up again by the highest of inflation, average wage growth or 2.5%. Our commitment to the triple lock is for not just one year but the duration of this Parliament. In addition, pensioners will continue to benefit from free eye tests, free prescriptions and free bus passes, and those pensioners most in need will continue to receive winter fuel payments alongside the pension credit.