Negative inflation from Covid-19 'could see the end of the triple lock'

Hannah Godfrey
clock • 2 min read

A slump in inflation caused by economic damage from the coronavirus could pave the way for the abolition of the state pension ‘triple lock’, according to Lane Clark & Peacock (LCP).

The firm modelled the likely level of inflation over the coming months based on three economic scenarios - whether the economy is ‘stuck in the doldrums', ‘steady as she goes' or enjoying a ‘bounce...

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Hannah Godfrey
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Hannah Godfrey

Professional Adviser journalist from 2016-2020

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