- Millions of pensioners across the UK live on fixed incomes making them particularly vulnerable to rising prices as a result of high inflation.
- That is why over 12.5 million pensioners across the UK will benefit from the Government’s 10.1 per cent increase in the Basic State Pension from April 2023 alongside our plan to halve inflation this year.
- This inflation-busting increase in the Basic State Pension ensures pensioners will not see their incomes devalued as the Government delivers on its five priorities including halving inflation.
This increase is a the biggest ever cash increase in the state pension and will automatically be applied to pensioners’ payments, demonstrating the Government’s commitment to supporting pensioners in the face of rising prices.
In addition to this uprating, pensioners will benefit from another £300 Pensioner Cost of Living Payment this winter, continuing the Government’s direct support for those groups most vulnerable to the effects of high inflation.
Commenting, Andrew Selous MP said:
“Pensioners across South West Bedfordshire have been directly affected by high inflation, so it is vital that we protect their incomes from these pressures.
“I welcome the news that 19,071 pensioners in South West Bedfordshire will be receiving the Government’s 10.1 per cent increase in the Basic State Pension from this month, protecting pensioners from the effects of inflation.
“This will give pensioners a much needed uplift in their incomes and ensure their pension is not devalued by the effects of global price rises.”