Update on scrapping DWP triple lock for inflation model

Teona Gherasim

A new campaign is calling for the triple lock to be scrapped , branding the policy "unjust". The triple lock policy ensures that state pension rates increase each April in line with the highest of 2.5 percent, the increase in average earnings or inflation. The metric is intended to ensure that the state pension keeps track with either rising prices or growth in the economy. But the policy has meant some sizeable increases in recent years, including a record 10.1 percent boost in April 2023. A

Tag-uri: Inflatie

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