State Pension  

'No assessment made' of scrapping pension triple lock

“With the likelihood of radical measures needed for unprecedented times, it’s surprising to hear the prime minister say the government will stick to all manifesto commitments. While this is an admirable aim, both government and individuals’ priorities may look very different as we move forward than pre-election.”

Last month (April 14), a think tank called on the government to replace the triple lock with something more affordable as a way of reducing the deficit that has built up due to Covid-19.

It was suggested the triple lock could be replaced with a double lock which would tie increases to earnings of inflation (whichever is higher).

amy.austin@ft.com

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