It is understood that Downing Street is weighing up whether a more affordable “double lock”, which removed the 2.5% minimum annual rise, would be politically sellable. No scrapping of triple-lock pension protection before 2020, says No 10 Read moreLabour would leap on the abandonment of the triple lock as a raid on pensioners’ finances. This has pushed the value of the basic state pension up to its highest share of average earnings since April 1988. Former pensions minister Baroness Ros Altmann is another advocate of the double lock. The triple lock has done its job.

Source: The Guardian April 26, 2017 21:01 UTC