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Written question asked by Baroness Altmann (Conservative) on Tuesday, 4 July 2017, in the House of Lords. It was due for an answer on Tuesday, 18 July 2017. It was answered by Baroness Buscombe (Conservative) on Tuesday, 18 July 2017 on behalf of the Department for Work and Pensions.


Pension Credit

Question

Her Majesty's Government what estimate they have made of the cost of introducing a double lock on Pension Credit uprating from 2018–19 onwards, uprating pensions by the highest of the consumer price index or earnings inflation, (1) over the course of this Parliament, (2) over the next 10 years, and (3) up to 2050.

Answer

No estimate of the cost of introducing a double lock on Pension Credit uprating has been made. The legislative requirement is that the standard minimum guarantee in Pension Credit should increase at least in line with earnings.


Secondary information

Type
Written question
Reference
HL417
Session
2017-19
Subjects
Pension credit Uprating
Contains statistics
Yes
Link
View this Written question on www.parliament.uk