State pensions are set to rise from April after a £6.9 billion increase to spending on state pensions and benefits has been supported by MPs.
The order, which has been approved in the House of Commons, included a 4.1 per cent increase to the state pension in line with the growth in average earnings - while most other benefit rates will rise by 1.7 per cent from April in line with inflation.
Work and pensions minister Sir Stephen Timms told the Commons: “The Government’s commitment to the triple lock means that the basic and full rate of the new state pension will be uprated by the highest of the growth in earnings or prices or 2.5 per cent. “This will mean 4.1 per cent for 2025/26.
From April this year the basic state pension will increase from £169.50 per week to £176.45, and the full rate of the new state pension will increase from £221.20 to £230.25. “We are fully committed to maintaining the pensions triple lock.
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