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Proceeding contribution from Steve Webb (Liberal Democrat) in the House of Commons on Tuesday, 6 December 2011. It occurred during Ministerial statement on Benefits Uprating.


Benefits Uprating

For someone retiring this year on a full basic state pension, the triple lock, we estimate, will benefit them to the tune of about £13,000 over the course of their retirement. That is a very significant change whose effects we are not yet seeing in full because earnings growth is depressed, but as it returns to more normal times, pensioners in Nuneaton and elsewhere will see real increases year after year.


Secondary information

Type
Proceeding contribution
Reference
537 c170 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Disability living allowance Social security benefits State retirement pensions Tax allowances Uprating Retail prices index Consumer prices index Average earnings
Link
View this Proceeding contribution on www.publications.parliament.uk