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let s start here in the uk, where prime minister liz truss is no longer promising to increase state pensions in line with surging inflation, and has asked ministers to look for more spending cuts. two weeks ago, the prime minister said she was committed to what s known as the triple lock. that means payments rise by whatever is higher between prices, average earnings or 2.5%. however her spokesman said truss was now not making any commitments on government spending. inflation figures are out in a few hours time and expected to show its at 10 percent, whilst the figure for average earnings is just below 5.5%. joining me now is dan kemp global chief investment officer at morningstar investment management. this investment management. will be a real concern foi many this will be a real concern for many pensioners, this trust when asked about the triple lot can my colleague asked her she said she was committed to that? you are correct, it will be of great concern to p ....
Later on today, as consumers in the uk it s a very challenging time, whether you are a pensioner or someone who is working. iii pensioner or someone who is workin: . pensioner or someone who is workinu. ., ., ~ ., ., working. if we look at other problems working. if we look at other problems households - working. if we look at other problems households are i working. if we look at other - problems households are facing, two year mortgage has gone through the roof, worrying times coming to the end of a fixed on mortgages, whatever age, people being hit on all sides at the moment? absolutely riaht sides at the moment? absolutely ri . ht and sides at the moment? absolutely right and because sides at the moment? absolutely right and because of sides at the moment? absolutely right and because of that - right and because of that people are very focused on what is happening moment by moment at westminster, the economic news coming out, and also focused on the next few months as we try ....