From today, every pensioner will get a guaranteed rise in their state pension matching the highest of inflation, increase in average earning or 2.5%. This means that this year 41,600 in Leicester will get a rise of £4.50 a week, totalling £9.7 million of extra money for pensioners in Leicester.
This is the start of pension reform under this Government. On Monday 4 April 2011, Liberal Democrat Pension Minister, Steve Webb announced that the Government will be introducing a flat-rate pension of £140.