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State Retirement Pensions

Work and Pensions written question – answered on 11th June 2009.

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Photo of Steve Webb Steve Webb Shadow Secretary of State for Work and Pensions

To ask the Secretary of State for Work and Pensions if she will estimate the basic state pension payable to eligible (a) men and (b) women in (i) 2010, (ii) 2015, (iii) 2020, (iv) 2025 and (v) 2030; and if she will make a statement.

Photo of Angela Eagle Angela Eagle The Minister of State, Department for Work and Pensions, Member, Labour Party National Executive Committee

The information is in the following table.

Basic state pension expenditure, Great Britain
2010-11 2015-16 2020-21 2025-26 2030-31
£ billion, cash
Men 24 34 47 63 87
Women 32 39 50 69 99
£ billion, 2008-09 prices
Men 23 28 34 40 47
Women 30 32 36 43 54
Notes:

1. Figures have been rounded to the nearest £ billion.

2. Forecasts of basic state pension expenditure in 2010-11 are based on the Budget 2009 forecasts. Basic state pension expenditure forecasts from 2015-16 onwards are based on the latest published long-term projections which were published Budget 2008.

3. The real terms figures are calculated from the Budget 2008 GDP deflator.

Source:

Budget 2009 forecasts and Budget 2008 long-term projections.

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