Talk About

Snapshot Update: ‘Triple Lock’ pensions under threat

money pink coins pig

A new proposal by Rishi Sunak could do away with the triple lock on pensions to ease the pressure on the treasury in responding to the pandemic. The triple lock increases pensions in line with the rising cost of living seen in the CPI measure of inflation, increasing average wages, or 2.5%, whichever of those three is highest. Groups opposed to scrapping the triple lock say it will prevent pensioners from keeping up with living costs. 

Leave a Reply