Rishi Sunak does not commit to maintaining triple lock in next Tory manifesto pressandjournal.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressandjournal.co.uk Daily Mail and Mail on Sunday newspapers.
Triple lock increases state-pension spending by £11bn a year – analysis aol.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aol.co.uk Daily Mail and Mail on Sunday newspapers.
The Institute for Fiscal Studies found that the new state pension is worth £24 a week more than it would have been under the system left behind by the last Labour government - equal to £1,248 a year.
The pensions triple lock is once again under threat after claims it should be ditched unless the retirement age rises. Angry campaigners said the suggestion was absolute poppycock, and the guaranteed increase was essential to protect many older people from hardship.