you trying to say your pension didnt go up 10% last year it should always go up in line with inflation
(and now the triple lock now that labour have reintroduced it after the tory freeze)
everything food and utilities go up in line with inflation its what the cpi is if BT charge plusnet 10% more for your service do you think plusnet should cover that for you.
People complained raising the cost of utilities in line with the cpi was too complicated expecting companies to remove it altogether (companies will always pass on wholesale costs) so companies set it as an average where most years it will be more than the wholesale cost increases.
State Pensions are expected to rise by 8.5% in April 2024 in line with earnings. This follows a 10.1% increase in line with Consumer Price Index (CPI) inflation the previous year. 2025 the state pension again will go up in line with inflation
Edited by pyarwood (Tue 14-Jan-25 16:35:15)