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The UK government cannot afford to keep the triple lock pension, the Office for Budget Responsibility (OBR) has warned.
The cost of the state pension triple lock is set to be three times' higher by the end of the decade than original estimated, according to the government's official forecaster.The triple lock ...
The triple lock costs around $7.7 billion (£6 billion) a year according to the government's Actuary Department, a huge amount of money in cash-strapped times.
The triple lock was introduced in 2006. It sets how much the state pension will rise by each year. The rise will either be the highest of three options: the growth in national average earnings ...
So coined the "triple lock plus", if elected the Tory party will increase a pensioner's personal allowance in line with either average earnings, inflation or by 2.5% - whichever is higher - from ...
The future of the triple lock is under threat if the Conservatives win the next election, Mel Stride has hinted. The Shadow Chancellor confirmed the popular policy will be reviewed if the Tories ...
The triple lock would return the following year, she added. Unusual change. Under the triple lock, pensions increase by inflation, the increase in earnings between May and July or 2.5%, ...
The triple lock was introduced by David Cameron's 2010 coalition government and has proved a reliable way of wooing the grey vote for every administration since. But it has also become steadily ...
That the Tory policy on the triple lock has been decided at this stage suggests that work on the Conservatives’ election manifesto is very far advanced – which implies in turn that a May ...