Osborne saves state pension from welfare cap

Laura Miller
clock

Chancellor George Osborne has said he will cap the country's welfare budget each year for the next four years from April 2015 - but the state pension will not be included.

The flat rate universal state pension of around £140 per week will be implemented in April 2016 (PP Online, 8 May). Announcing his Comprehensive Spending Review to Parliament today, he said he w...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

TPR's DB funding code and the importance of an effective trustee chair

TPR's DB funding code and the importance of an effective trustee chair

Vidett’s Gillian Graham looks at the expectations and importance of the role of chair

Gillian Graham
clock 16 December 2024 • 3 min read
Nest publishes 2023/24 annual report and accounts

Nest publishes 2023/24 annual report and accounts

Government-backed master trust AUM grew to more than £40bn as at 31 March 2024

Martin Richmond
clock 13 December 2024 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

L&G endgame report, PPF 7800 Index, endgame targets, £370m buy-in, dashboards

Professional Pensions
clock 13 December 2024 • 1 min read
Trustpilot