State pension to rise after UK inflation increases to 3%

Pensioners to benefit from highest figure since 2012 as rise renews focus on stagnant pay and looming interest rate hike

Britain’s pensioners will receive a 3% increase in their state income next year after the annual inflation rate reached its highest level since early 2012 last month.

The 12-month increase in the cost of living as measured by the consumer prices index (CPI) edged up from 2.9% to 3%, in line with recent Bank of England forecasts.

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from The Guardian http://ift.tt/2zvdc7c