27,233 to get pensions rise thanks to Liberal Democrats

The basic state pension will rise by at least £2.85 a week next year, thanks to the Liberal Democrats triple lock. It means 27,333 pensioners in Sutton will benefit from an increase in their pension.

 

The rise will bring the level of the state pension to at least £115.95 and will benefit millions of pensioners across the UK. This is £18.30 more, each week, than in 2010 when the Liberal Democrats entered coalition. It means pensioners on the full basic state pension are £950 a year better off than they were under Labour.

The triple lock delivers a pension rise of whichever is the greater of average earnings, inflation or 2.5%, meaning pensioners across Carshalton and Wallington will see more money in their pockets.

Liberal Democrats campaigned for it in opposition, have delivered it in Government and have pledged to write it into law in the next Parliament.

Commenting, Tom Brake MP said:

Liberal Democrats are creating a stronger economy and a fairer society.  This has to include treating pensioners with the respect that they deserve.

"The triple lock guarantees that pensioners in Carshalton and Wallington are allowed the security of a steady rise in their pensions. Simply put, it ensures that they can adequately plan for their future and it also gives them dignity in their retirement. They did not get this with the 75p rise they saw under Labour."

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