BUDGET: State pension to be linked to earnings
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The state pension will once again be linked to earnings from April 2011.
In his Budget today, Chancellor George Osborne has revealed that the new coalition Government will link the state pension with earnings, going back on the implementations of the last government.
Osborne says the state pension will be “triple locked” alongside rises in earnings, prices or a rise of 2.5 per cent, whichever is greatest from 2011.
He says: “There will be no more 75p increases in the state pension. We will provide lasting help to pensioners. The last government broke the link between earnings and the state pension, forcing more and more people into means testing.”
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Readers' comments (1)
Anonymous | 22 Jun 2010 7:28 pm
What if any will happen to our state pension after the budget.
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