Nigel Green Scotland show record cover country UPS Тикеры COST Nigel Green Scotland

Specific group of older people will not get new State Pension pay rates next April

Reading now: 369
dailyrecord.co.uk

The Triple Lock will determine the level of uprating to be applied to the State Pension for the 2024/25 financial year and pays the highest between September’s Consumer Price Index (CPI) inflation rate, earnings growth, or 2.5 per cent.

The frontrunner for the uprating is currently earnings growth, which came in at 8.5 per cent (including employee bonuses) for the period between May and July.

The latest CPI inflation rate is 6.7 per cent which covers the 12 months leading up to August with the September figure due to be announced on Wednesday, October 18.

It looks increasingly unlikely that after a slight dip from 6.8 per cent in July to the current figure that it will rise beyond the wages growth figure of 8.5 per cent.

Read more on dailyrecord.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA