Millions set to benefit as pensions go up by £344
PENSIONERS will see the biggest boost in their income in eight years as benefits increase.
The state pension will jump by 3.9 per cent which means people entitled to the “new state pension” will receive £175.20 per week and be £344 a year better off.
The full rate of the new state pension will increase by £6.60 per week from £168.60.
Meanwhile, the basic state pension will rise by £5.05 per week from £129.20 – meaning that in April it will be £1,900 more in cash terms than in
BRITAIN is working.there are 3.6 million more people in work than in 2010 – an average of 1,000 jobseekers moving into employment every day.
And three-quarters of that growth in employment is in either full-time, permanent or higher-skilled roles.
The employment rate of lone parents is at a record high; there are more mothers in employment than ever before and 1.15 million more disabled people are in work compared with six years ago.the ranks of the labour market have been swelled by 1.3 million more working parents since 2010, while youth unemployment has almost been halved.
Our balanced fiscal approach has built a strong economy which is projected to outperform Germany and Japan, among others, in the coming year.
And it’s that strong economy which allows us to bolster the welfare safety net.
From April, more than 10 million people will see their benefits rise by the rate of inflation.this will boost the incomes of around 2.4 million people on universal credit, as well as claimants on legacy benefits such as jobseeker’s allowance and housing benefit.
In April the full rate of new state pension will climb by 3.9 per cent to £175.20 a week – an extra £344 a year.
We’re clear the best way for people to improve their lives is through work, but we know some people require additional support. It’s right that we regularly review whether that support is at the right level, and today’s announcement is good news for millions.