Context
The MP wants to assess the merits of increasing the state pension rate.
Question
If he will make an assessment of the potential merits of increasing the rate of state pension.
Answer from Torsten Bell
The yearly amount of the full new state pension is projected to rise by about £2,100 a year over the current Parliament. That reflects the Government's commitment to the triple lock for the duration of the Parliament. Payments of both the basic and new state pensions will increase by 4.8% in a few weeks' time, boosting pensioners' incomes by up to £575 a year.
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