Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

Pensions

Work and Pensions written question – answered on 24th November 2011.

Alert me about debates like this

Photo of Rachel Reeves Rachel Reeves Shadow Chief Secretary to the Treasury

To ask the Secretary of State for Work and Pensions if he will estimate the cost to the public purse of uprating pension credit using a consumer prices index level of (a) 2.5, (b) 3, (c) 3.1, (d) 3.5, (e) 4, (f) 4.3, (g) 4.5, (h) 4.6, (i) 4.9, (j) 5.1 and (k) 5.2 per cent. in 2012-13.

Photo of Steve Webb Steve Webb The Minister of State, Department for Work and Pensions

The information is in the table.

Percentage increase Cost (£ million)
(a ) 2.5 470
(b) 3.0 560
(c) 3.1 580
(d) 3.5 650
(e) 4.0 750
(f) 4.3 800
(g) 4.5 840
(h) 4.6 860
(i) 4.9 920
(j) 5.1 950
(k) 5.2 970
Notes: 1. Costing based on DWP budget 2011 expenditure forecasts. 2. Costs are rounded to the nearest £10 million. 3. Costs are compared to a baseline of no uprating and are indicative only. Proposed benefit rates will be announced to Parliament by ministerial statement later in the autumn. 4. The costing assumes that housing benefit and council tax benefit rates are aligned with those for pension credit.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.