Until this year, the state pension was earmarked to rise by the lesser of inflation, average wages growth or 2.5%. That triple lock has been suspended temporarily, breaking another manifesto pledge, after distortions to the economy caused by Covid made it prohibitively expensive. www.bbc.co.uk
Until this year, the state pension was earmarked to rise by the lesser of inflation, average wages growth or 2.5%. That triple lock has been suspended temporarily, breaking another manifesto pledge, after distortions to the economy caused by Covid made it prohibitively expensive.
www.bbc.co.uk