Steve Webb
| Use attributes for filter ! | |
| Gender | Male |
|---|---|
| Age | 58 |
| Date of birth | July 18,1965 |
| Zodiac sign | Cancer |
| Born | Birmingham |
| United Kingdom | |
| Spouse | Helen Webb |
| Party | Liberal Democrats |
| Prime minist | David Cameron |
| Education | Hertford College |
| Q3 Academy Great Barr | |
| Previous position | Member of Parliament of the United Kingdom (1997–2015) |
| Official site | heyyouitsmestevewebb.com |
| Books | Tanka Tanka Skunk! |
| Children | 2 |
| Date of Reg. | |
| Date of Upd. | |
| ID | 406327 |
Steve Webb Life story
Sir Steven John Webb PC is a British pensions commentator who was previously Liberal Democrat Member of Parliament for Northavon from 1997 to 2010 and for Thornbury and Yate from 2010 to 2015. He was the Minister of State for Pensions in the coalition government of David Cameron.
Triple lock means state pension set to rise by 8. 5% in April
... Sir Steve Webb, a former pensions minister and now partner at consultants LCP, estimated that the number of taxpaying pensioners would rise by around 650,000 to 9...
Mothers could have missed out on £1bn in state pension
... Sir Steve Webb, a former pensions minister who is now a partner at LCP, said: " The scale of these errors is huge...
Customers withdraw record amount of savings in May
... Former pensions minister Steve Webb, now a partner at consultancy LCP, said: " A combination of high inflation and frozen tax allowances means that well over eight million people aged 65 or over are now paying tax, a doubling in the last two decades...
Pensions: Tax overpayment of £1bn prompts reform call
... A system based on systematic over-taxing of pension savers cannot be right, " said Sir Steve Webb, a former pensions minister and now a partner at consultants LCP...
Bank of England boss tells investors pensions help must end
... However, former pensions minister Steve Webb, who now works for pension consultants LCP, said he thought Mr Bailey may have to extend the help...
Pensions scandal: Even more women were underpaid
... Former pensions minister Sir Steve Webb, who is now a partner at consultancy LCP, said the DWP had also admitted to an error in which credits for time at home with children - previously known as home responsibilities protection - may be missing from people s National Insurance records and therefore affect their state pension...
Two million more people paying higher rate tax
... Countering this approach, former Liberal Democrat pensions minister Sir Steve Webb said that " paying higher rate tax " used to be reserved for the very wealthiest"...
Pensions: Millions receive wrong amount 'for decades'
... Mind-blowing errorsSir Steve Webb, who served as pensions minster between 2010 and 2015, said he d never been alerted to the problem...
Triple lock means state pension set to rise by 8. 5% in April
By Kevin PeacheyCost of living correspondent
The State Pension is likely to rise by 8. 5% in April after data crucial to the so-called triple lock was published.
The policy means the increase in The State Pension is the highest of average earnings, inflation or 2. 5%.
Those earnings - which are - were recorded at 8. 5%, and the inflation figure is unlikely to be higher.
That means The State Pension is likely to rise by 8. 5%, which would be a weekly increase of £13. 30.
It means there is set to be an annual increase of £691. 60 on the basic state Pension - taking the total for the Year to £8,814.
For those receiving the new flat-rate state Pension , going to those who reached state Pension age after April 2016, The Rise is set to be £17. 35 a week, or £902. 20 a Year - taking the total for the Year to £11,502.
This is set to be The Second significant increase in The State Pension in two years, after a 10. 1% increase in April of this Year .
The triple lock is designed to ensure pensioners, especially if they rely solely on The State Pension , are able to afford rising prices, or keep pace with the increases in the working population's wages.
However, there have been questions over whether the cost of funding the policy is too high, and whether the government could better spend The Money elsewhere.
The Debate over fairness may be heightened as benefits are not likely to rise quite as much, as these are generally pegged to the rate of inflation which is expected to be slightly lower.
Neither the Conservatives nor Labour have committed to maintaining the triple Lock In their next manifesto.
Shadow deputy Prime Minister Angela Rayner repeatedly refused to say whether a Labour government would keep it, when asked on Bbc Breakfast .
" We will have to see where We Are when we get to a general election and see the finances. We will not make unfunded spending commitments, " She Said .
These two significant increases are likely to drag hundreds of thousands more pensioners into paying Income Tax , the thresholds of which have not risen as fast.
Sir Steve Webb , a former pensions minister and now partner at consultants LCP, estimated that The Number of taxpaying pensioners would rise by around 650,000 to 9. 15 million. He described that as a stealth tax on many pensioners.
The Institute for Fiscal Studies, an economic Think Tank , said that the triple lock policy carried a danger that people would overestimate what would be provided under The State Pension in The Future .
Meanwhile Becky O'Connor, director of public affairs at Pension platform PensionBee, said: " A state Pension pay rise for pensioners next Year will make the triple lock promise more costly than ever and call into question whether this mechanism of guaranteeing increases can continue.
" Any knee-jerk, poorly considered reaction by the government to deal with The Rising state Pension bill now risks harming pensioners for decades to come. Without increases In Line with earnings or inflation, they would be At Risk of real income falls in future. "
Related TopicsSource of news: bbc.com
Steve Webb Photos
