Under the triple lock, the state pension usually rises each April by inflation, wages or 2.5% - whichever is higher.
Office for National (ONS) Statistics figures released on Wednesday showed that Consumer Prices Index (CPI) inflation was at 6.7% last month. But wages have been rising at a higher rate, with a figure of 8.5% now expected to be used to calculate the state-pension rise.
A Department for Work and Pensions spokesperson said: "The government is committed to the triple lock. The secretary of state will conduct his statutory annual review of benefits and state pensions using the most recent data."
Bu hikaye The Herald dergisinin October 19, 2023 sayısından alınmıştır.
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Bu hikaye The Herald dergisinin October 19, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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