UK state pension to raise just £4.40

The UK state pension is set to rise by £4.40 a week next year, which is the smallest increase possible.

The rise means pensioners will see a change from £175.20 to £179.60 a week, which is an increase of £228.80 a year. It comes after the inflation rate rose to 0.5% in September from 0.2% in August, following the end of the popular Eat Out to Help Out scheme.

Jonathan Athow, deputy national statistician at the ONS, said: ‘The official end to the Eat Out to Help Out scheme meant prices for dining out rose during September, partially offsetting the sharp fall in inflation for August.

Pensioner Terry Russell in Cardiff feels the increase is disgusting, the former world war two pilot said: ” It’s disgusting the government are throwing money around like confetti and once again its the pensioners that suffer”

“What does £4.40 buy you?” he questioned.

 

 

 

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