Graham Stuart, Member of Parliament for Beverley and Holderness, has welcomed the news that 26,806 pensioners in Beverley and Holderness will receive a 10.1% increase in their Basic State Pension from this month, protecting pensioners from the effect of rising prices.
This increase is the biggest ever cash increase in the state pension, and will automatically be applied to pensioners’ payments, demonstrating the Conservative Government’s commitment to supporting pensioners in the face of rising prices.
The thousands of pensioners in Beverley and Holderness are particularly vulnerable to rising prices caused by the present high inflation.
This inflation-busting increase means that pensioners will not see their incomes devalued as the Government delivers on its pledge to halve inflation.
In addition to this increase, pensioners will benefit from another £300 Pensioner Cost of Living Payment this winter.
Commenting, Graham said, “Pensioners shouldn’t be unfairly penalised by high inflation caused by Putin’s illegal war in Ukraine, so it’s vital that we protect their incomes.
“I’m proud that the Government has increased the Basic State Pension by 10.1% this month, and this will be a welcome source of relief to the 26,806 pensioners in our communities.”
Commenting, Pensions Minister Laura Trott said, “The effect of rising prices has been particularly challenging for the most vulnerable pensioners, many of whom live on fixed incomes.
“That is why the Conservative Government has delivered on our commitment to protect the Triple Lock, giving 12.5 million pensioners an inflationary increase in their pension payments of 10.1 percent from April.
“Protecting pensioners’ incomes from the effects of rising prices is a central part of our Conservative commitment to supporting the most vulnerable as we deliver on the Prime Minister’s five priorities.”
