Steve McCabe – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Steve McCabe on 2016-06-09.

To ask Mr Chancellor of the Exchequer, with reference to the Answer of 24 May 2016 to Question 37689, if he will indicate where in that document details are provided on the (a) potential effect on the triple lock pension policy and (b) value of state pensions for people who retire before 6 April 2016 of a potential reduction in economic growth in the event of the UK voting to leave the EU.

Mr David Gauke

The document entitled HM Treasury analysis: the immediate economic impact of leaving the EU provides more detail on the impact that leaving the EU would have on GDP, CPI inflation and on average real wages, in Section 2, Part 3 of the document.

In addition, the Treasury has published further analysis of the impact that leaving the EU would have on pensioner incomes in Effects on pensioners from leaving the EU. Details on the effect on the value of State Pension and the triple lock are included in the section entitled Effects on pensioner incomes on pages 2-3.