Single-tier State Pension

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 2:30 pm on 23 April 2012.

Alert me about debates like this

Photo of Steve Webb Steve Webb The Minister of State, Department for Work and Pensions 2:30, 23 April 2012

I do not recognise the figures that the right hon. Gentleman quotes, but I assure him that what matters most to the pensioners to whom I speak is a decent state pension. After 30 years of the pension declining in value relative to earnings, from now on it will rise every year by whatever is the highest of earnings, prices or 2.5%. There will be a guaranteed increase every year that matches inflation or is above inflation. That is something that pensioners value.