State pension: decision to scrap triple lock could push older people into poverty after UK inflation rise

State pension: decision to scrap triple lock could push older people into poverty after UK inflation rise This week, Government MPs refused to accept an amendment from the House of Lords to retain the ‘triple lock’ commitment they made to guarantee money paid in state pensions rises fairly and appropriately. The ‘triple lock’ is a formula which was introduced by the Conservative/Liberal Democrat coalition government in 2010 to guarantee pensioners’ incomes rise by either: September’s rate of inflation, earnings growth,… Read more »

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