The state pension will rise by 3.1% today, but the increase is just half of inflation, the measure of the soaring cost of living. Retirees on the full, new state pension, will see their earnings rise by £290 a year. Is the state pension increase fair? Those who reached the state pension age before April 6, 2016, get the old state pension, known as the basic state pension which is currently £137.60, or £7,155.20 a year. If it does, then the state pension increase may still not feel big enough to cope with rising bills.”

Source: Daily Mirror April 11, 2022 19:04 UTC