Reply To: Retirees will benefit from a State Pension boost

#171696
Georgie

    “The State Pension normally increases in line with the triple lock. This means it rises by the greater of wage growth, inflation (CPI), or 2.5% each year.  On Tuesday 7 September 2021, the government confirmed plans to suspend this rule for one year.”

    Oh yes?  And we’re supposed to believe they’ll reinstate it next year?  I rather doubt that.  They’ll just dream up another reason/crisis (excuse) to continue the suspension and sooner or later (I go with ‘sooner’) they will achieve their original intention and dispense with the ‘Triple lock’ all together.  Just like they did when they removed the ‘Ring fence’ that protected the Social Care budget, stole £1.4 billion from it and then decentralised Social Care to Local Government level.