Method of uprating social security payments
The petition of residents of the constituency of Glasgow East,
Declares that any efforts to depart from the practice of uprating social security payments based on inflation rather than earnings would be a gross betrayal of the promises previously made by Ministers
The petitioners therefore request that the House of Commons urge the Government to maintain the practice of uprating social security payments in line with inflation
And the petitioners remain, etc.—[Presented by
David Linden
, Official Report, 17 October 2022; Vol. 720, c. 496.]
[P002775]
Observations from the Secretary of State for Work and Pensions (Mel Stride):
The Social Security Administration Act 1992 places a statutory duty on the Secretary of State to review the rates of state pension and benefits each year, following a review of trends in prices and earnings over the previous year.
The Secretary of State for Work and Pensions has completed his annual uprating review and decided that state pension and benefit rates will increase in line with the consumer prices index (CPI) for the year to September 2022. This means that, subject to parliamentary approval, they will increase by 10.1% from 10 April 2023.
His decisions were announced by means of a written statement on 17 November 2022 and the proposed rates can be found on gov.uk:
https://www.gov.uk/government/publications/Benefit-and-pension-rates-2023-to-2024
These uprating decisions will increase expenditure on state pensions and pensioner benefits by £13 billion in 2023-24 compared to no change in these rates for the same period. It will meet the Government’s manifesto commitment to apply the triple lock to the new and basic state pensions. It will also extend CPI protection to those who rely on the standard minimum guarantee in pension credit at a cost of £700 million above the statutory minimum requirement. The decision will also increase expenditure on reserved non-pensioner benefits by £9 billion in 2023-24 compared to no change in these rates for the same period. This includes benefits for those with additional disability or care needs and increases to universal credit which provides essential support to people on the lowest incomes whilst they seek work, seek progression in work, or are unable to work.
[P002775]
Observations from the Secretary of State for Work and Pensions (Mel Stride):
The Social Security Administration Act 1992 places a statutory duty on the Secretary of State to review the rates of state pension and benefits each year, following a review of trends in prices and earnings over the previous year.
The Secretary of State for Work and Pensions has completed his annual uprating review and decided that state pension and benefit rates will increase in line with the consumer prices index (CPI) for the year to September 2022. This means that, subject to parliamentary approval, they will increase by 10.1% from 10 April 2023.
His decisions were announced by means of a written statement on 17 November 2022 and the proposed rates can be found on gov.uk:
https://www.gov.uk/government/publications/Benefit-and-pension-rates-2023-to-2024
These uprating decisions will increase expenditure on state pensions and pensioner benefits by £13 billion in 2023-24 compared to no change in these rates for the same period. It will meet the Government’s manifesto commitment to apply the triple lock to the new and basic state pensions. It will also extend CPI protection to those who rely on the standard minimum guarantee in pension credit at a cost of £700 million above the statutory minimum requirement. The decision will also increase expenditure on reserved non-pensioner benefits by £9 billion in 2023-24 compared to no change in these rates for the same period. This includes benefits for those with additional disability or care needs and increases to universal credit which provides essential support to people on the lowest incomes whilst they seek work, seek progression in work, or are unable to work.