DWP issues triple lock update as state pensioners face rising cost of living
Pensions minister Torsten Bell has confirmed the Government will maintain the triple lock policy for the duration of this Parliament. Speaking to the Work and Pensions Committee, Mr Bell said pensioners could rely on the measure remaining in place. "We are going to be keeping the triple lock, yes, through this Parliament," he said. The commitment means the state pension will rise by 4. 8 per cent from April under the mechanism, which guarantees increases based on the highest of inflation,
Pensions minister Torsten Bell has confirmed the Government will maintain the triple lock policy for the duration of this Parliament. Speaking to the Work and Pensions Committee, Mr Bell said pensioners could rely on the measure remaining in place. "We are going to be keeping the triple lock, yes, through this Parliament," he said. The commitment means the state pension will rise by 4. 8 per cent from April under the mechanism, which guarantees increases based on the highest of inflation,
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