State pension increased
06 December 2006
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."
“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.”
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."