State pension win as Labour minister vows to keep triple lock …
5 days ago · The minister's stance on the policy has drawn attention amid recent controversy sparked by Tory leader Kemi Badenoch's suggestions about potentially means-testing state pensions.. Under the triple lock mechanism, state pensions rise annually by the highest of inflation, earnings or 2.5 per cent, aimed at protecting pensioners from cost of living pressure.
State pensioners warned Triple Lock could be 'axed' and replaced …
Jan 17, 2025 · The state pension triple lock "should be scrapped" by the new Labour Party government, economists have warned. The warnings come after Torsten Bell was appointed to be the new pensions minister by ...
What is the state pension triple lock, and how much is the state
Oct 31, 2024 · What is the state pension triple lock, and how much is the state pension going up? The government has confirmed that the new full state pension will rise by £472 a year from April 2025. The...
Kemi Badenoch triple lock comments trigger pensions row - BBC
Asked whether this included the "triple lock" policy - under which state pension payments go up every year by the highest of inflation, average earnings or 2.5% - she replied: "That's exactly the ...
State pension crisis as Labour appoints DWP minster who called …
Jan 15, 2025 · The policy answers to these challenges are to replace the triple lock, and pay more attention to the contrast with working-age benefits. "A minimal and temporary fix would be to operate the triple lock over the coming two years as a whole, so that the state pension would be likely to rise by five per cent (twice 2.5 per cent) over two years ...
Finally, politicians are saying the pensions triple lock must go
Jan 17, 2025 · The triple lock – the mechanism by which the state pension is increased by the highest of average earnings, inflation or 2.5 per cent – has become one of the most sacred of political cows ...
Triple lock means state pension set to rise by 8.5% in April
Sep 12, 2023 · The state pension is likely to rise by 8.5% in April after data crucial to the so-called triple lock was published. The policy means the increase in the state pension is the highest of average...
Triple lock: State pension could go up less than expected next year - BBC
Sep 12, 2023 · What is the state pension and the triple lock? State pension set to rise by 8.5% in April; Labour cautious about promising pension triple lock
Triple lock means state pension set to rise by 8.5% in April - BBC
Sep 12, 2023 · The state pension is likely to rise by 8.5% in April after data crucial to the so-called triple lock was published. The policy means the increase in the state pension is the highest of average...
Triple lock for pensions to be in Tory manifesto, Jeremy Hunt says …
Mar 25, 2024 · Jeremy Hunt has said the Conservatives will keep the triple lock system to decide rises in the state pension if they win the election. The chancellor confirmed the pledge, which means the...
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