No guarantee the Triple Lock will return to pensions (Telegraph)

[Silver]

Last year, ministers denied millions of pensioners a record £822 increase in the state pension after its controversial decision to suspend the triple lock. The state pension increased by 3.1pc based on inflation in September 2021, rather than wage growth, which was 8.1pc.

The Government promised to reinstate the triple lock next year, which could deliver a record boost next April, assuming inflation remains at such high levels come September.

However, there are no guarantees the promise will not be broken again. A change in Tory leadership could open the doors to a second suspension. 

Pensioners will have to grapple with huge losses in spending power until next April, with little protection from the worst cost of living crisis in a generation.

Record inflation wipes £14,000 off the state pension (msn.com)

Edited July 20, 2022 by The Silver Shroud