Triple lock 'a ticking time bomb' for Rishi Sunak

Triple lock could see state pension grow by 8% after latest earnings data

Tom Ellis
clock • 2 min read
Land Clark & Peacock partner and former pensions minister Sir Steve Webb
Image:

Land Clark & Peacock partner and former pensions minister Sir Steve Webb

The latest figures from the Office for National Statistics suggest the triple lock could increase by more than 8% in April 2022, adding a greater burden on the Treasury and chancellor Rishi Sunak.

The triple lock guarantees the basic state pension will rise in line with the highest of earnings, inflation or 2.5%. For next April's increase, the inflation figure will be measured by the Consumer...

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