Pensions triple lock to stay, says minister

Published date09 April 2024
Publication titleHuddersfield Daily Examiner
The triple lock is a commitment to raise the state pension every year in line with whichever is highest out of wage growth, inflation or 2.5%

As of yesterday, people receiving the state pension will get a 8.5% increase worth an extra £900 a year to full rate claimants.

Mr Stride said the sustainability of the triple lock would be contingent on rules set by the Office for Budget Responsibility (OBR).

He told Times Radio: "This is a question really about the OBR and fiscal targets. We work all of our fiscal policy within that very clearly set out framework and that's why your listeners will hear references to something called the headroom that the Chancellor has to play with…...

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