In the Pre-Budget Report Chancellor Gordon Brown revealed that there would be a rise in the basic state pension.
Brown said: “In addition to the basic pension rising from next April by 3.6 per cent and the winter allowance, the pension credit minimum guarantee will rise by £5 a week for a single person and £7.65 a week for a couple.”
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“Of course, it wasn’t possible to do so early on in the Government because of other commitments, but it is possible now to think of linking the pension to earnings during the next Parliament.” |
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Chancellor Gordon Brown, speaking on Radio Four’s Today programme this morning |
Brown continued: “I am today publishing the document on Britain’s long-term public finances. Its detail shows that even after taking into account our new commitments on pensions, the country’s public finances are on a sound and sustainable basis for the long term and stronger than other countries.”
