John McDonnell said UK pensions would keep rising annually from April 2030 by at least inflation or 2.5%, but scrapping the direct link to earnings could slow long-term growth. The debate comes as pensioner poverty rose to 18.6% in 2023/24 from 15.7%.
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John McDonnell said UK pensions would keep rising annually from April 2030 by at least inflation or 2.5%, but scrapping the direct link to earnings could slow long-term growth. The debate comes as pensioner poverty rose to 18.6% in 2023/24 from 15.7%.
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