State Retirement Pensions: Expenditure
Commons · Question 77467 · Tabled 16 Sep 2025 · Department for Work and Pensions · Official record
Answered 14 Oct 2025
Question
Asked by Gregory Campbell
To ask the Secretary of State for Work and Pensions, what estimate he has made of the cost to the public purse of the State Pension by July 2029.
Answer
Answered by Torsten Bell, 14 Oct 2025
The Department’s latest forecasts estimate around £169 billion (in nominal terms) will be spent on the State Pension in 2029/30. Forecasts are presented on a financial year basis, as the Department does not produce totals by a specific calendar month, suc...