Sky's pkelso writes that the mini-budget debacle has placed a cloud of uncertainty over benefit and state pension hikes, with recipients at risk of losing out no matter what the government decides
September's CPI is crucial to this calculation as it is the figure against which the government pledged in its 2019 manifesto to uprate both pension and benefits.
With the hole in the public finances left by Mr Kwarteng's plan widening to as much as £70bn, Mr Hunt, and the prime minister to whom he notionally reports, are now considering making the same cut to pensions.The Conservatives have slavishly protected the incomes of retirees since 2010, protecting them from austerity with the"triple-lock", a guarantee that pensions would always rise in line with whichever was the largest of CPI inflation, earnings or 2.5%.
Sticking to the pledge - as Liz Truss later promised she would during Prime Minister's Questions in the Commons - would add billions in spending to the chancellor's balance sheet and require equivalent cuts elsewhere.No commitment on pension triple lock Increasing those benefits in line with earnings would cost a single disabled adult on Universal Credit £380 next year, a working single-parent with one child £478 and a working couple with three children £978.
Danmark Seneste Nyt, Danmark Overskrifter
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