Cost of state pension to soar £344bn in half a century

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The cost of the single-tier state pension will surge by £344bn between 2013 and 2063, according to figures published by the Office for National Statistics (ONS) today.

Data from the ONS showed total public expenditure on state pensions, including pension credit and the winter fuel payment, would rise from £94bn to £438bn over the 50-year period. The figures ca...

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