The basic state pensions will rise by at least £2.85 a week thanks to the Liberal Democrats triple lock.
It means 22,329 pensioners in Southwark will benefit from an increase in their pension.
This rise will bring the level of the state pension to at least £115.95 and will benefit millions of pensioners across the UK. This is £18.30 more, each week, than in 2010 when the Liberal Democrats entered coalition. This means pensioners on the full basic state pension are £950 a year better off than they were under Labour.
The triple lock delivers a pension rise of whichever is the greater of average earnings, inflation or 2.5%, meaning pensioners across Southwark will see more money in their pockets.
The Liberal Democrats campaigned for it in opposition, have delivered it in Government and have pledged to write it into law in the next Parliament.
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