DWP · 8 June 2001 – 5 May 2005
State Pension expenditure during the Labour 2001–2005 government
↑ 26.0%+£10.1bn
State Pension expenditure rose by 26.0% over the period, from £38.7bn (Year ending March 2001, the level when the government took office) to £48.8bn (Year ending March 2005, the last complete period before it left office). That is an average of +5.9% a year over the term.
- Inherited level Year ending March 2001: £38.7bn
- Level when it left Year ending March 2005: £48.8bn
- method: latest complete period before start / before end
In real terms (Year ending March 2005 prices, ONS CPI all-items index) the change is a rise of 18.6%: £41.1bn to £48.8bn. The figures above are cash terms as published. HM Treasury deflates public spending with the GDP deflator, not CPI, so official real-terms spending figures can differ.
Changes during this period do not by themselves show what the government caused. Statistics reflect many influences, including earlier decisions, the economy and how the data is collected.
The chart as a table
| Period | State Pension expenditure |
|---|---|
| Year ending March 1949 | £176.4m |
| Year ending March 1950 | £248.9m |
| Year ending March 1951 | £248.6m |
| Year ending March 1952 | £275.2m |
| Year ending March 1953 | £315.5m |
| Year ending March 1954 | £334.1m |
| Year ending March 1955 | £348.1m |
| Year ending March 1956 | £432.5m |
| Year ending March 1957 | £447.9m |
| Year ending March 1958 | £482.1m |
| Year ending March 1959 | £617.4m |
| Year ending March 1960 | £657m |
| Year ending March 1961 | £676.9m |
| Year ending March 1962 | £783.9m |
| Year ending March 1963 | £807.1m |
| Year ending March 1964 | £958.8m |
| Year ending March 1965 | £1bn |
| Year ending March 1966 | £1.2bn |
| Year ending March 1967 | £1.3bn |
| Year ending March 1968 | £1.4bn |
| Year ending March 1969 | £1.5bn |
| Year ending March 1970 | £1.6bn |
| Year ending March 1971 | £1.8bn |
| Year ending March 1972 | £2.1bn |
| Year ending March 1973 | £2.4bn |
| Year ending March 1974 | £2.8bn |
| Year ending March 1975 | £3.6bn |
| Year ending March 1976 | £4.8bn |
| Year ending March 1977 | £5.7bn |
| Year ending March 1978 | £6.6bn |
| Year ending March 1979 | £7.6bn |
| Year ending March 1980 | £8.9bn |
| Year ending March 1981 | £10.6bn |
| Year ending March 1982 | £12.2bn |
| Year ending March 1983 | £13.6bn |
| Year ending March 1984 | £14.7bn |
| Year ending March 1985 | £15.3bn |
| Year ending March 1986 | £16.6bn |
| Year ending March 1987 | £17.8bn |
| Year ending March 1988 | £18.7bn |
| Year ending March 1989 | £19.3bn |
| Year ending March 1990 | £20.7bn |
| Year ending March 1991 | £22.7bn |
| Year ending March 1992 | £25.6bn |
| Year ending March 1993 | £26.7bn |
| Year ending March 1994 | £28.2bn |
| Year ending March 1995 | £28.8bn |
| Year ending March 1996 | £30bn |
| Year ending March 1997 | £32bn |
| Year ending March 1998 | £33.6bn |
| Year ending March 1999 | £35.6bn |
| Year ending March 2000 | £37.8bn |
| Year ending March 2001 | £38.7bn |
| Year ending March 2002 | £41.9bn |
| Year ending March 2003 | £44.4bn |
| Year ending March 2004 | £46.5bn |
| Year ending March 2005 | £48.8bn |
| Year ending March 2006 | £51.4bn |
| Year ending March 2007 | £53.7bn |
| Year ending March 2008 | £57.6bn |
| Year ending March 2009 | £61.6bn |
| Year ending March 2010 | £66.9bn |
| Year ending March 2011 | £69.8bn |
| Year ending March 2012 | £74.2bn |
| Year ending March 2013 | £79.8bn |
| Year ending March 2014 | £83.1bn |
| Year ending March 2015 | £86.5bn |
| Year ending March 2016 | £89.4bn |
| Year ending March 2017 | £91.6bn |
| Year ending March 2018 | £93.8bn |
| Year ending March 2019 | £96.7bn |
| Year ending March 2020 | £98.8bn |
| Year ending March 2021 | £102bn |
| Year ending March 2022 | £104.7bn |
| Year ending March 2023 | £110.5bn |
| Year ending March 2024 | £124.1bn |
| Year ending March 2025 | £136.6bn |
Definition and caveats
Spending on the State Pension in the financial year, in cash terms.
Doesn’t measure: Pension Credit or other pensioner benefits, which are counted separately.