Canadian Alliance of British Pensioners Chair Ian Andexser was among a number of delegates handing the CABP reports into Downing Street today
END FROZEN PENSIONS
The campaigners say this would be just a small fraction of the total amount spent on the state pension each year – in March 2023, the DWP forecasted total state pension expenditure in 2023/24 would be £124.3billion.
Official statistics from the DWP in July 2023 estimated the costs of uprating the state pension in frozen rate countries would be £860million in 2023/24 and £940million in 2024/25.
A Government spokesperson said: “Our priority is ensuring every pensioner receives the financial support to which they are entitled.
“We understand that people move abroad for many reasons and we provide clear information about how this can impact on their finances.
“The Government’s policy on the uprating of the UK state pension for recipients living overseas is a longstanding one of more than 70 years and we continue to uprate state pensions overseas where there is a legal requirement to do so.”