LONDON, April 21 British finance minister Philip
Hammond declined on Friday to say if the government would commit
to raise old-age pensions by a minimum of 2.5 percent each year
after June's election.
Asked if his Conservative party's new manifesto would retain
an existing commitment to raise pensions by the highest rate out
of inflation, wage growth or a flat 2.5 percent, Hammond said
poverty among pensioners was less of a problem than when his
party came to power in 2010.
"We fixed that problem. Pensioners are now less likely than
the population in general to be in poverty. As to what we will
put in our manifesto, that is just something you will have to
wait and see," Hammond told the BBC during a trip to Washington.
Prime Minister Theresa May earlier on Friday also declined
to commit to raise pensions by as much as before.
(Reporting by David Milliken; editing by Michael Holden)