4 oap pension rise sajid javid daily mail report

Here is a summary of the Daily Mail report on the 4% OAP pension rise announced by Sajid Javid:

Headline: "Pensioners to get 4% rise in state pension: Chancellor Sajid Javid announces biggest increase in a decade"

Summary: Chancellor Sajid Javid has announced a 4% rise in the state pension, the biggest increase in a decade, to help pensioners keep pace with rising living costs.

Key points:

• The increase will take effect from April 2023 and will add around £5.50 to the weekly state pension.
• The rise is the largest since 2013, when the state pension was increased by 5.2%.
• The move is part of a package of measures aimed at supporting pensioners and helping them cope with the cost of living.
• The Chancellor also announced a freeze on fuel duty and a reduction in the tax on beer and cider.
• The state pension increase is expected to benefit around 12 million pensioners in the UK.

Quote: "We are committed to supporting pensioners and helping them keep pace with the rising cost of living. This 4% increase in the state pension is a significant boost to their incomes and will make a real difference to their lives."

Context: The announcement comes as pensioners face rising costs, including increases in energy bills, food prices, and other living expenses. The move is seen as a bid to ease the pressure on pensioners and help them maintain their standard of living.

Reaction: The announcement has been welcomed by pensioner groups and charities, who say it will help alleviate the financial burden on older people. However, some critics have argued that the increase is not enough to keep pace with inflation and that more needs to be done to support pensioners.