Government defeats Lords' bid to save triple lock

The state pension is now set to rise 3.1%

Jenna Brown
clock • 3 min read
Baroness Ros Altmann
Image:

Baroness Ros Altmann

MPs have rejected amendments put forward by members of the House of Lords that would have retained the state pension triple lock following “fiery” exchanges in the House of Commons.

The state pension triple lock will now be suspended for a year as planned to prevent a 8.3% increase based on ‘artificially high' earnings growth brought about by the pandemic. The double lock...

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