No10 hints state pension hike could be downgraded from 8.5% to save Treasury £900m – with benefits also in the firing line

By James Tapsfield, Political Editor For Mailonline Published: 14:31 BST, 18 October 2023 | Updated: 16:34 BST, 18 October 2023 No10 dropped a heavy hint today that the state pension rise could be downgraded – with benefits also in the firing line. The ‘triple lock’ mechanism would in theory push up the retirement payments by … Read more

OAPs in line for 8.5% rise in April under ‘triple lock’ after earnings figures are confirmed… but hike could still be downgraded to save Treasury £900m

OAPs in line for 8.5% rise in April under ‘triple lock’ after earnings figures are confirmed… but hike could still be downgraded to save Treasury £900m By James Tapsfield, Political Editor For Mailonline Published: 14:17 BST, 17 October 2023 | Updated: 17:18 BST, 17 October 2023 The state pension is in line for an 8.5 … Read more

Ministers warn state pension triple lock is ‘not sustainable in the long term’ after wages surge puts OAPs on track for 8.5% boost in April – piling billions of pounds on to government spending

Ministers have warned the state pension triple lock is ‘not sustainable in the long term’ after surging wages put OAPs on track for a bumper rise next year. Under the triple lock, the payouts go up in April by the highest out of average earnings, CPI inflation or 2.5 per cent. The pay number for … Read more