Downing Street Says » Universal benefits

» Monday, October 25, 2010

Universal benefits

Asked if the Prime Minister believed rich pensioners should get an increase to their universal benefit in their state pension when rich parents should not by having their child benefit removed, the PMS said that our objective was that there should be a simple state pension for future pensioners, which was easy to understand and affordable, and we were looking at how we could achieve that. We had already taken a step to introduce a triple lock so the basic state pension would increase each year in line with earnings, prices or 2.5 per cent, whichever was the greatest.

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