The Autumn Statement: What does it mean?

Abstract

Basic state pension set to rise With public sector pension reforms receiving their third reading in parliament on Tuesday 4 December, this topic remains high on the agenda for many teachers. The Chancellor has announced that the basic state pension is set to rise by 2.5 per cent next year to £110.15 a week. This is lower than the 5.2 per cent increase pensioners received in April this year, but still delivers £2.70 a week more.