Pensions triple lock to be suspended next year, government says

  • Thread starter Heather Stewart Political editor
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Heather Stewart Political editor

Work and pensions secretary tells MPs temporary move will prevent a hike in payments of 8%

The work and pensions secretary has announced the triple lock on the state pension will be temporarily suspended next year, to avoid the government having to hike payments by 8%.

Thérèse Coffey told the House of Commons the state pension would increase either by 2.5% or inflation, whichever is higher, in April.

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