In One Hand And Out The Other

[sandra4444]

Had notification of my pension rise. It will just about cover (half) of my fuel bill increase. Well for now anyhow. :(

[bobbinwales]

The rise reflects past inflation. Next year as inflation will be higher you'll get a bigger rise which will build in increased fuel costs. When inflation rising your always catching up. When it was falling you were ahead. Am not sure of a waY round it unless they use an average of past and forecast future inflation?

[barry1010]

If the triple lock hadn’t been scrapped for this year at least, pensioners would have had a much bigger rise of 8%, a broken Tory manifesto promise.

[bobbinwales]

Yes... although that 8% was a real anomaly at the time and no-one could of forseen the huge increase in prices this year due to Russia and other things. Pensioners will end up getting around 8% next year based on the RPI when increases are set and hopefully inflation wll be back down to 3-4% this time next year.... unless the goverment reneges again