Bedford & Kempston Conservative Association has welcomed the news that 16,263 pensioners in Bedford & Kempston will receive a 10.1 per cent increase in their Basic State Pension from this month, protecting pensioners from the effect of rising prices.
- 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 Conservative 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 Conservative 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 Conservative 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 Conservative Government’s direct support for those groups most vulnerable to the effects of high inflation caused by Putin’s illegal war in Ukraine.
This is helping to deliver on Prime Minister Rishi Sunak’s five priorities to halve inflation, grow the economy, reduce debt, cut waiting lists and stop the boats.
Commenting, Pensions Minister, Laura Trott said:
“The effect of rising prices has been particularly challenging for the most vulnerable pensioners many of whom live on fixed incomes.
“That is why the Conservative Government has delivered on our commitment to protect the Triple Lock, giving 12.5 million pensioners an inflationary increase in their pension payments of 10.1 per cent from April.
“Protecting pensioners’ incomes from the effects of rising prices is a central part of our Conservative commitment to supporting the most vulnerable as we deliver on the Prime Minister’s five priorities.”
