Rising cost of living: Work and Pensions Committee writes to new Chancellor for assurance on social security uprating
19 October 2022
The Work and Pensions Committee has written to new Chancellor Jeremy Hunt about uprating social security benefits and the state pension by the rate of inflation.
- Correspondence to the Chancellor of the Exchequer on Benefits and Pensions Uprating in April 2023
- Inquiry: The cost of living
- Work and Pensions Committee
Rt Hon Stephen Timms MP, Chair of the Work and Pensions Committee, said:
“The announcement that inflation has once again topped 10% will bring fresh worries to millions of people already struggling with the cost of food, housing and other essentials. The promise by the Prime Minister today that the Government is committed to the triple lock on pensions is welcome, but the approach when it comes to benefits remains shrouded in uncertainty. With the decision this week to end the energy price guarantee after just six months adding to the unpredictability about the future, it is now more urgent than ever for the Chancellor to give some much-needed reassurance to people by guaranteeing that benefits will rise with inflation as previously pledged.”