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MAINTAIN 5.2% INFLATION RISE FOR BENEFIT INCREASES

Submitted on Thursday 3rd November 2011

Published on Friday 4th November 2011

Current status: Closed

Closed: Friday 4th May 2012

Signatures: 20

Tagged with

Pensions

Petition Action

MAINTAIN 5.2% INFLATION RISE FOR BENEFIT INCREASES

Additional Information

When the coalition government came into power they changed the rules for pensions/benefit rises from RPI to CPI.

Having mismanaged the inflations rate they are now actively seeking to move the ''goalposts'' again and move to an average yearly inflation rate of 2.5%. This means that the government would not pay the CPI rise of 5.2% in the 2012 benefits/pension increases

This will disadvantage thousands of people in receipt of benefits and thousands of pensioners who have an annual inflation rate in excess of 7% due the huge increase in energy costs.

The government should honour their pledge on CPI and increase benefits/pensions by the 2011 5.2% CPI rate


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