Local MP, Caroline Dinenage, has welcomed the news that 21,315 pensioners in the Gosport Constituency will receive a 10.1 per cent increase in their Basic State Pension from this month, protecting pensioners from the effect of rising prices.
This increase, the biggest ever cash increase in the state pension, will automatically be applied to pensioners’ payments, demonstrating the Conservative Government’s commitment to supporting pensioners in the face of rising prices.
In addition to this uprating, pensioners will benefit from another £300 Pensioner Cost of Living Payment over the coming months, continuing the Conservative Government’s direct support for those groups most vulnerable to the effects of high inflation caused by Putin’s illegal war in Ukraine.
This is helping to deliver on Prime Minister Rishi Sunak’s five priorities to halve inflation, grow the economy, reduce debt, cut waiting lists and stop the boats.
Commenting, Caroline said:
“Pensioners across Gosport, Lee on the Solent, Stubbington and Hill Head have been directly affected by high inflation as a result of Putin’s illegal war in Ukraine, so it is vital that we protect their incomes from these pressures.
“I welcome the news that over 21,000 pensioners in the Gosport Constituency will be receiving the Conservative Government’s 10.1 per cent increase in the Basic State Pension from this month, protecting pensioners from the effects of inflation as we deliver on the Prime Minister’s five priorities.
“This will give pensioners a much needed uplift in their incomes and ensure their pension is not devalued by the effects of global price rises.”
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 per cent 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.”
