Cola Increase 2024 Forecast Uk. The cost of living increased sharply across the uk during 2021 and 2022. The full new state pension will increase by £17.35 a week.
Other forecasters are marginally less pessimistic, hopeful that a fall in inflation will help to increase real wages and consumer spending. The cola estimate for july was an estimated 2.63%, while that for august was 2.57%.