UK Parliament: Beware The Triple Lock

Posted on 10/19/2023

The UK Parliament says: “Under the triple lock, State Pensions are expected to rise by 8.5% in April 2024 in line with earnings. This follows a 10.1% increase in line with Consumer Price Index (CPI) inflation the previous year.” What is the triple lock? The government is mandated to increase the basic and new State…

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