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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

I do not recall the previous Government ever using something other than inflation or using a different rate for pensioners because of factors such as those the hon. Lady mentions. Sometimes the pensioner rate will be higher and sometimes it will be lower, but on average it will be broadly the same. There was a lot of speculation—she may even have read some of it—that we would not provide a 5.2% increase, that we would break the triple lock, that we would average out the figures or do all sorts of things, but we stuck by our promise and provided a 5.2% increase. The real value of the pension as a share of average earnings—that is what pensions are for: to replace the earnings that people used to have—is higher than in any year under Labour, and I am proud to put my name to that.


Secondary information

Type
Proceeding contribution
Reference
537 c172 
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