Autumn Statement 2015: Basic state pension to rise by almost 3%; Flat-rate set at £155 a week

Addressing the House of Commons, the Chancellor said for pensioners it was the biggest real terms increase in the state pension in 15 years.  It equates to 2.9% and will be worth £174.20 extra a year to someone on a full basic state pension. The government has previously confirmed a 'triple-lock' applies to the state pension, meaning it will rise each April to match the highest out of inflation or 2.5%. After the increase, the full state pension will be worth £1,125 a year more in cash terms than in 2010. The full state pension should have increased by £1,770 by the end of this par...