The triple lock has ensured that the state pension rises in line with wages since its introduction in 2011. If the Treasury’s depleted coffers will force him to do either, Sunak will be reneging on a Tory manifesto pledge to maintain the triple lock. Have your say in the comment sectionIf the state pension rises in step under the triple lock, it would boost the average payment by around £822 per person to an estimated £10,161. “The high rate of headline earnings growth does hem the Government into a tight little corner on the State Pension triple lock. The conservative manifesto commits to maintaining the triple lock, but an 8% plus rise in the state pension would raise questions of intergenerational fairness, as well as fiscal sustainability,” he said.

Source: Daily Mirror August 17, 2021 18:30 UTC