Treasury acts to enable 'illegal' 2.5% pensions rise

• Increase in benefits currently illegal when prices are falling • Treasury officials to table change 1992 Social Security Act Treasury officials will table an amendment in parliament tomorrow allowing Alistair Darling to fulfil his pledge to raise the state pension by 2.5% next April without breaking the law. Pensions are normally uprated annually in line with the retail prices index measure of inflation in September. But with prices falling, the chancellor promised in his budget to give pensioners...

whole article   guardian.co.uk,     business
  14.10.2009. 21:00h

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