Triple lock pension pledge suspended for one year
It follows government concern that a big rise in earnings would have meant pensions increasing by 8%. …
“It will ensure the basic and new state pensions increase by 2.5% or in line with inflation, which is expected to be the higher figure this year, and as happened last year, it will again set aside the earnings element for 2022-23 before being restored for the remainder of this Parliament.”
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