Publication
International Restructuring Newswire
Welcome to the Q3 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
Office for National Statistics announces CPI increase of 6.7 per cent
United Kingdom | Publication | October 2023
On October 18, 2023, the ONS announced that the Consumer Prices Index had risen by 6.7 per cent in the 12 months to September 2023. This is the figure by which SERPS and S2P should rise next April.
Average weekly earnings have risen by 8.5 per cent. If the triple lock continues to apply, the Basic State Pension and the Single Tier State Pension should increase by 8.5 per cent, as it is higher than the CPI figure and 2.5 per cent.
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