Autumn Statement 23: Hunt backs triple lock with 8.5% state pension rise

Jeremy Hunt confirms commitment to triple lock in Autumn Statement

Jenna Brown
clock • 1 min read
Copyright HM Treasury
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Copyright HM Treasury

Chancellor Jeremy Hunt today confirmed the state pension will increase by 8.5% from April next year as the government continues to back the triple lock policy.

The ‘triple lock' is a commitment to increase the state pension by whichever is highest of average earnings growth, Consumer Prices Index (CPI) inflation, or 2.5%.  Hunt confirmed the state pens...

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