Pensions and benefits will rise with inflation, Cabinet minister hints

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Mel Stride, the Work and Pensions Secretary, has given a firm hint that benefits and pensions will rise in line with inflation next year.

Asked about the Autumn Statement and whether vulnerable people will be in the front of ministers’ minds during the Autumn Statement process, Mr Stride told Times Radio: “Well, the Prime Minister has made that extremely clear and that is absolutely the case. the Conservatives in government have always seen pensioners is that they are a group that have particular vulnerabilities. They find it difficult to change their economic circumstances, certainly in the short term for example, by going back into work and things like that, and therefore we have introduced things like the triple lock and supported pensions and increased the value of the state pension quite much since we have been in office.

The other thing I would say is that if you look at the interventions we have made in terms of supporting the most vulnerable through what is going to be a very difficult winter with high energy prices then a lot of that has actually been channelled towards pensioners .

“So if you are on pension credit you qualify for the £650 payment, half of which,m the second half of which, is going out from today until the end of this month, and also a £300 flat payment to pensioners and that is on top of a number of other measures that we are taking.

“So yes, pensioners are absolutely at the forefront of the group that we want to really protect as much as we can through these difficult times.”

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