LTA to increase £25k as inflation dips

"It was no surprise then to see the government reiterated its commitment to the triple lock for the remainder of this parliament. 

"At some point in the future a government is likely to have to grasp the nettle and move away from the triple lock. If this doesn’t happen then the state pension will inexorably increase relative to earnings and inflation. In the meantime, the state pension provides pensioners with a vital bedrock income to cover much of their essential expenditure in retirement."