London Daily

Focus on the big picture.
Wednesday, Apr 02, 2025

UK State Pension to Increase by Over £400 Annually

The UK state pension is set to rise by over four hundred pounds annually due to the triple lock in April. The full state pension for eligible individuals will reach about twelve thousand pounds by 2025-2026, with a nine hundred pound increase in 2023. Critics argue that recent restrictions on winter fuel payments could adversely affect pensioners, while new pension increases may counter this before the upcoming parliamentary vote.
The full UK state pension is set to rise by over £400 per year due to the upcoming application of April's triple lock, reports indicate.

As per Treasury's internal calculations seen by the BBC, this increase will align with average earning figures to be released next week.

The new adjustments would bring the full state pension for men born after 1951 and women born after 1953 to approximately £12,000 in 2025-2026, after a £900 increase in 2023.

Pre-2016 retirees eligible for the secondary state pension might see a £300 annual increase.

The decision will be finalized by Liz Kendall, Secretary of State for Work and Pensions, before October's budget.

Chancellor Rachel Reeves has reiterated the government's commitment to the triple lock until the end of the current parliament.

This announcement comes in the wake of the government's decision to restrict winter fuel payments, which has faced backlash.

A means test introduced by Reeves limits payments to those on pension credit.

Critics, including Labour MPs, argue that this may leave many pensioners unable to cope with winter expenses.

Former pensions minister suggests five out of six pensioners below the poverty line could lose winter fuel payments.

Analysis indicates only half of state pension recipients last year received the full amount, with 150,000 receiving less than £100 weekly.

New figures might offset the government's prior decision, coming before a crucial vote next Tuesday while prompting opposition and Labour backbenchers to call for reconsideration.

Rachel Reeves confirmed that the basic state pension increased by £900 last year and will rise again due to the triple lock.

The Treasury has yet to comment.
Newsletter

Related Articles

0:00
0:00
Close
Europe Pursues Digital Autonomy Amidst Transatlantic Strains
OpenAI Lands Unprecedented $40 Billion Funding.
Charity Chairwoman Accuses Prince Harry of Bullying and Harassment
DOGE revealed that USAID provided $84 million to the Clinton Foundation. Of this amount, $3 million was spent on Chelsea Clinton's wedding, and $10 million was used to acquire a lavish mansion.
The State Department has announced the formal closure of USAID.
Apple's Innovation Deficit: Falling Behind in AI and Foldable Technology as Chinese Developments Progress
President Trump Proposes Military Intervention to Obtain Greenland
Passenger Taken into Custody After Engaging in Masturbation on SWISS Air Flight
Barcelona player Dani Alves found not guilty of rape accusations.
PUTIN'S LIMOUSINE DETONATES—SECURITY CHAOS ENSUES
French Foreign Ministry Denounces U.S. Interference in Corporate Diversity Initiatives
Copyright Issues Emerge as AI-Generated Studio Ghibli Images Gain Popularity
This is what we refer to as CREATIVITY.
Removing the Political Opponent Means Dismissing the Remnants of Turkey's Economy.
Malaysia Strengthens Semiconductor Regulations in Response to U.S. Pressure to Restrict AI NVIDIA Chip Exports to China.
OpenAI Launches New Image Generation Tool for ChatGPT
Ex-FIFA President and French Football Icon Acquitted of Corruption Allegations
National Security Advisor Mike Waltz Under Investigation After Journalist Added to Secret Military Chat
Ex-Business Partner of Hunter Biden Discusses Possible Pardon from President Trump
U.S. Attorney General Announces Task Force to Prosecute Government Fraud
American Brands Face Consumer Boycott in Europe Amid Escalating Trade and Political Tensions
White House Investigates Security Breach After Journalist Accidentally Added to Secret Yemen Strike Chat
Samsung Executive Han Jong-hee Dies Suddenly Amid Ongoing Corporate Challenges
German President Frank-Walter Steinmeier has just signed off on a national debt hike to fast-track Germany’s militarization
Heathrow Airport Restarts Services as Investigation into Power Outage Commences
Pope Francis Released from Hospital Following Pneumonia Treatment
Pope Francis Appears in Public for the First Time in Five Weeks After His Hospital Stay
Usha Vance to Head U.S. Delegation During Greenland Visit Amid Discussions on Annexation
Trump suggests US could join British Commonwealth if offered by King Charles
Elon Musk Files Lawsuit Against Jamaal Bowman for Defamatory Remarks
European Countries to Boost Defense Expenditures in Response to Changes in U.S. Assistance
Iconic Boxer George Foreman Dies at 76
European Airline Shares Fall Following Disruption from Heathrow Power Outage
Pope Francis Set to Leave Hospital Following Recovery from Pneumonia
Thousands Take to the Streets in Amsterdam to Protest Racism and Fascism
Revealing the Electromagnetic Characteristics of the Great Pyramid of Giza
President Trump Cancels Security Clearances for Notable Political Figures.
The Development of China's Automotive Sector
Netanyahu Dismisses Shin Bet Chief Amid 'Loss of Trust' and 'Qatargate' Corruption Investigations Involving Netanyahu's Advisors
UK Conservatives Remain Optimistic Despite Polling Challenges
Labour MPs Unveil Initiative to Combat Harmful Influencers and Advocate for Healthy Masculinity
Miami Beach Mayor Cancels Plan to Expel Cinema Following Documentary Showing
Thousands of Drones Illuminate the Sky in Honor of Trump.
Leaders of the US and Ukraine Participate in Constructive Call During Ongoing Conflict
Elon Musk's X Experiences Valuation Recovery to $44 billion.
UK Government Set to Implement Major Budget Cuts in Spring Statement
US Federal Reserve Downgrades Economic Growth Outlook Due to Tariff Uncertainty
EU Claims US Tech Giants Have Violated Digital Regulations
Canada Denounces the Execution of Its Citizens in China Amid Rising Tensions
European Union Moves Toward Joint Debt for Military Spending
×