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How state pension and DWP benefits are affected by UK inflation announcement
The state pension increase for April 2026 will be based on 4.8% wage growth, exceeding the steady 3.8% inflation rate recorded in September, the Office for National Statistics said.
- On Wednesday, the Office for National Statistics reported UK inflation at 3.8% for September, unchanged from July and August despite forecasts of a rise to 4%.
- ONS analysis shows transport costs, including petrol and airfares, kept CPI inflation at 3.8% as lower food prices and cultural purchases partly offset rises.
- With wage growth at 4.8%, the triple lock guarantee makes this figure the key determinant for next year's state pension uplift.
- The Secretary of State for Work and Pensions must undertake an annual review, with a 4.80% uplift potentially raising full new state pension to �241.30 per week and near �12,548 annually, while some could pay more income tax as the personal allowance remains at �12,570.
- Against this backdrop, the Bank of England has kept the base rate at 4% after a 5.25% peak, raising mortgage costs while energy and food prices rose due to post-Covid demand and the Russian invasion of Ukraine.
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Evening Standard+8 Reposted by 8 other sources
People receiving full new state pension on course for £12,548 from April
Inflation figures released on Wednesday suggest that wages, which have increased by 4.8%, will be used to calculate next year’s state pension rise.
·London, United Kingdom
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State Pension set to rise by 4.8%, but only half of Brits believe it will exist for everyone by the time they retire
The State Pension will rise by 4.8% in April, but new research from Standard Life reveals widespread doubt about its future. A third of Brits expect the State Pension age to hit 70 by 2030, and only half believe it will still exist for everyone by the time they retire. The State Pension forms the bedrock to most peoples’ income in retirement, but doubts about its future is one of the biggest uncertainties shaping how the UK is preparing for reti…
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Total News Sources13
Leaning Left2Leaning Right0Center7Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
L 22%
C 78%
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