4 groups who'll miss out on state pension increase after Andy Burnham triple lock update

Fresh figures show wage growth, at 4.1 per cent, is currently outstripping inflation at 2.9 per cent, meaning it will likely be the metric used.

THOUSANDS of pensioners are set to miss out on a £500 state pension increase next year at a time when the cost of living remains high. Under the triple lock, the state pension rises each year by September’s inflation rate, 2.5% or the average earnings growth between May and July - whichever is highest. Yesterday’s...

Reform UK’s Robert Jenrick has said a £50bn welfare cut plan allows the state to “sustainably pay” for the triple lock pension.  In a press conference on Monday, Jenrick said plans to strip welfare from around 3m people, including foreign nationals, would be the biggest overhaul of the benefits system in a generation.