State pensioners set to receive unexpected dwp payment worth £230

MPs have backed a £6.9 billion boost in spending on state pensions and benefits starting from April. The basic and new full rate of the state pension will increase based on the highest

figure among earnings growth, price inflation, or 2.5%. Labour Party work and pensions minister Sir Stephen Timms addressed the Commons, saying: "The Government's commitment to the

triple lock means that the basic and full rate of the new state pension will be uprated by the highest of the growth in earnings or prices or 2.5%." He noted that this would result in

a 4.1% increase for the year 2025/26. From April, the basic state pension is set to rise from £169.50 per week to £176.45, while the full rate of the new state pension will go from £221.20

to £230.25, reports Birmingham Live. Sir Stephen emphasised the Government's dedication to maintaining the pensions triple lock, despite some current confusion about the stance of the

opposing party. Regarding pension credit, Sir Stephen stated that the standard minimum guarantee is set to see a 4.1% increase from £218.15 to £227.10 per week for single pensioners, and

from £332.95 to £346.60 per week for couples. He remarked: "That is looking in a very ambitious way at the whole range of levers that the Government has at its disposal for tackling the

problem of child poverty." The minister also mentioned: "Part of the consideration certainly will be social security changes ... we're not able to say that the two-child

limit will be removed, but all of those things will be considered very carefully in the course of producing the report, which the taskforce will bring forward." Shadow work and pensions

minister Danny Kruger has voiced the Conservative Party's backing for the uprating of pensions, although he was challenged on his party's position regarding the triple lock. In

response to Sir Stephen's queries, Mr Kruger clarified: "I think he's misunderstood or our leader's position has clearly been misquoted." He went on to assert,

"We're not looking at cancelling the triple lock, it's his colleague the new pensions minister (Torsten Bell) who has been very clearly quoted saying that the triple lock is a

silly system and indefensible."