Business Secretary Kwasi Kwarteng signalled that the Chancellor would keep the manifesto promise that guarantees the state pension will increase in line with inflation, earnings or 2.5 per cent – whichever is higher.
But wage growth was 7.3 per cent in the three months to May and 8.6 per cent annually, due to those on furlough returning to full wages.
Mr. Kwarteng told LBC radio yesterday: “I think it is safe. I’ve always been of the view that we should stick to the words in the manifesto.
“Of course, things have happened, like Covid. Like the fact that we spent £350billion in one year to support the economy.
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Bu hikaye Daily Express dergisinin July 20, 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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