Spain’s new government agrees to raise pensions in line with inflation

Spain’s government has reached a preliminary deal to raise retirement pensions in line with inflation, suggesting its new Socialist leaders may take a less restrictive approach to spending after years of austerity under their predecessors.

The multi-party commission that controls social spending had agreed to the raise, though full details were still to be decided, the Socialist party said in a tweet late on Tuesday.

“Now the right must allow that all pensions rise with inflation, also in times of crisis,” it said.

Read More: Reuters