Experts have said a potential increase to the state pension of 8.5% could re-ignite the debate around the sustainability of the triple lock.
The triple lock mandates that the state pension rises every year in line with whichever is the highest between average annual earnings growth from May to July, ...
How does the triple lock work? · Average earnings growth measured from May to July, compared with the previous year; · Consumer Prices Index (CPI) inflation ...
Provided the government sticks to its state pension triple-lock promise, today's CPI figure should confirm an inflation-busting 8.5% increase for April ...
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Today's Consumer Prices Index (CPI) inflation reading of 6.7% has confirmed that the State Pension Triple Lock uprating will be determined by earnings at 8.5% ...
The financial cost might be huge, but so might be the political damage of breaking - or finding some way to fudge - the popular 'triple lock' pledge to ...
UK inflation remained steady last month as prices rose 6.7% year-on-year meaning pensioners are likely to get a bumper 8.5% increase in their state pension ...
Any pensioners who have even a small additional income of just over ยฃ1000 a year will be pushed into income tax territory.