Peter Dazeley via Getty Images Rishi Sunak was forced to publicly commit to maintaining the “triple lock” on the state pension last week, a promise met with both praise and concern.
But what is the triple lock and why does it matter? We ask the questions
I know the pension age is rising, but what’s this ‘triple lock’ that everyone is talking about? The triple lock is a political promise to pensioners which ensures they don’t become progressively poorer just because they aren’t working. It means that state pensions rise by 2.5%, or in line with inflation or average wage […]
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