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The pension triple-lock should be means tested to make sure the country is “growing” Conservative leader Kemi Badenoch has said, sparking criticism from Labour opponents. Speaking on LBC, the ...
The triple lock guarantee returned as promised in 2022. Work and Pensions Secretary Mel Stride told the House of Commons that the pension for 2023-24 would increase in line with inflation by 10.1% ...
Inflation, which is normally used to calculate the triple lock on state pensions, reached 10.1% in September.
Chancellor Jeremy Hunt confirmed that the state pension will be uprated in line with inflation at 10.1% from April 2023. ‘Sigh of relief’ for pensioners as triple lock is confirmed for next ...
Triple lock may refer to: Smith & Wesson Triple Lock, double-action revolver; The method of determining the annual increase in the UK Basic State Pension; Triple Lock mechanism (Liberal Democrats), requirements for the party leader to enter coalition government; Triple lock (Irish Defence Forces) legal requirements for deployment abroad of ...
The triple lock guarantees an increase in line with average earnings, inflation or 2.5 per cent, whichever is highest - meaning that pensioners would have been in line for a rise linked to wages ...
“The triple lock was suspended last year as wage data was deemed to have been skewed by the pandemic furlough scheme and pensioners were instead given a 3.1% increase which aligned with CPI ...
The pensions crisis or pensions timebomb is the predicted difficulty in paying for corporate or government employment retirement pensions in various countries, due to a difference between pension obligations and the resources set aside to fund them.