The annual state pension is set to rise by £460 in April after the release of the latest wages data.
The annual state pension is set to rise by £460 in April after the release of the latest wages data. The UK's 'triple lock' on state pensions means that payouts to OAPs rise in line with the average wage, inflation in September, or 2.5% - whichever is the highest.Wages data released on Tuesday morning showed that average weekly wages rose by 4% in the three-month period to July.That would take the full flat-rate pension to £11,962.
It comes as the government faces a rebellion over cuts to the winter fuel allowance, which will see all but the country's poorest pensioners stripped of the regular payment. The move has been met with unease among some Labour backbenchers who have said they feel unable to vote with the Government on Tuesday.Keir Starmer said he recognised that scaling back the winter fuel payment was a "really tough decision" but said Labour must "secure the foundations" of the economy.
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