Summary
Social Security Benefits Up-rating Order 2022 Lord Davies of Brixton moved that this House regrets that the Social Security Benefits Up-rating Order 2022, and the decision by Her Majesty’s Government to suspend the triple lock on pensions, will result in benefit increases of 3.1 per cent in April 2022, compared to the Bank of England forecast of a 7¼ per cent increase in the Consumer Price Index for that month, and that this will result in a basic state pension for a single pensioner that will be worth £296 less in real terms compared to 2021/22, and £475 less for a couple. After debate, the motion was withdrawn.
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Main Member
Lord Davies of Brixton
Labour
Life peer
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