Triple lock state pension to be 'watered down' - reports

Mark Battersby
clock • 1 min read

UK prime minister Boris Johnson has been advised by Cabinet ministers to temporarily adjust the triple lock mechanism to increase state pensions, in light of the exceptional 7.4% average earnings leap in the three months to June, according to an exclusive story published today (18 August) in The Telegraph. There was "a growing consensus among government ministers handling the relevant briefs that increasing state pensions by that much would be both too costly and unfair on workers", the conservative-leaning paper reported. Two options were "understood to have been submitted to the Pri...

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