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UK State Pension Triple Lock to Stay Until Next Election
The UK government has confirmed that the state pension triple lock will remain in place until the next general election, meaning pensions will continue rising each year by the highest of inflation, average earnings growth, or 2.5%. The commitment offers pensioners reassurance about future income, though it comes at significant cost to the Treasury and has long divided economists over its long-term affordability.
Why now: Pension policy directly affects millions of retirees and taxpayers, making the triple lock's future a recurring point of political debate.
Evidence
- UK State Pension Triple Lock to Stay Until Next Election · Morningstar
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