The latest Triple Lock measure indicates that millions of pensioners are set for an uprating of just under eight per cent.
The Triple Lock will determine the level of uprating to be applied to the State Pension for the 2024/25 financial year and pays the highest between September’s Consumer Price Index inflation rate, earnings growth, or 2.5 per cent.
If the earnings growth figure announced next month stays at 8.2 per cent, this guarantees State Pensioners an 8.2 per cent rise next April - even if inflation continues to fall. Top Money Stories Today She added: “This would be welcomed by pensioners who have been battling rising costs but adds to the woes of the UK Government trying to find a way to tame spiralling State Pension costs. As the system continues to creak under pressure it’s time for a review of how the State Pension works and the Triple Lock’s role within it.”
Belgique Dernières Nouvelles, Belgique Actualités
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