Millions of pensioners across the UK live on fixed incomes, making them particularly vulnerable to rising prices as a result of high inflation. I am delighted that 23,725 pensioners in Shrewsbury and Atcham will benefit from the government’s 10.1 per cent increase in the Basic State Pension from April 2023.
This increase is the biggest-ever cash increase in the state pension and will automatically be applied to pensioners’ payments, demonstrating the 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 this winter.