WEST Devon and Torridge MP Geoffrey Cox has welcomed new figures showing that 463 fewer people are claiming Jobseeker's Allowance in his constituency since 2010 — a 40% drop.

People are moving off benefits and into work across the South West, with 119,000 more people in work compared to the last election.

Across Britain unemployment has fallen by its largest annual amount since records began — falling below two million for the first time since 2008.

It has also been confirmed that next year the basic state pension will rise by 2.5%, faster than inflation and earnings.

The £148 rise will help provide more financial security for older people who have worked hard all their lives.

Since 2010 the basic state pension has risen by £800.

Mr Cox said: 'These figures are great news, confirming not only that fewer people in Torridge and West Devon are relying on benefits since 2010, but also that the state pension will rise by £148 next year — faster than earnings or inflation.

'This means a brighter, more secure future for people who want to work hard and get on, as well as for those who've spent their whole lives doing so.

'This has happened because of our action in government: backing local businesses to create jobs with our long-term economic plan, reforming welfare, and introducing the pensions triple lock to ensure that people who have worked hard all their lives are properly rewarded. 

'As these figures show that plan is working, delivering an above inflation rise in the state pension and getting us closer to our target for full employment.

'This means greater financial security for hardworking taxpayers and their families in Torridge and West Devon, who can look forward to the future with greater peace of mind.'