Single-tier state pension brought forward to 2016

The government is to bring forward its plans to introduce a new single-tier £144 per week state pension by one year.

On the BBC’s Andrew Marr Show on 17 March, Chancellor George Osborne said the new state pension would be introduced in 2016 rather than 2017 as originally planned.

He added: “People understand, by the way, that of course we’re all having to work longer because everyone’s ageing more and we’ve had difficult decisions on the state pension age.

“That means that we can afford to be generous with our pensions, with our pension benefit.

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“It’s by taking those sort of long-term decisions about the cost of our welfare system for our country that we can actually afford to support people who do the right thing.”

On 14 January, the government announced its plans to bring in the new state pension from 2017.