Lib Dems in Government deliver £5.30 a week pension rise
24 Jan 2012
Lib Dems in government have delivered the biggest pensions rise in history.
From April 2012, the basic state pension will rise by a whopping £5.30 per week.
This is in stark contrast to the last Labour government who insulted pensioners with a miserly 75p increase.
Pensions Minister Lib Dem Steve Webb MP said: "I hope this pension increase demonstrates our commitment of fairness to people who have worked hard all their lives."
Under the Lib Dems' 'triple lock pensions guarantee', the basic state pension will rise every year in line with either earnings, prices or by 2.5% - whichever is highest.