The state pension is set to rise by an even bigger amount than previously thought after a key figure used in the triple lock was revised. Under the triple lock guarantee, the state pension increases every April in line with whichever is the highest of earnings growth in between May to July, inflation in September, or 2.5%. Wage growth for May to July was originally thought to be 4.7% but in an update last week, the Office for National Statistics (ONS) revised this figure upwards to 4.8%.

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