Speculation is mounting that the lower wages growth figure of 7.8% will be used for the State Pension uprating next April.
Some 12.6 million older people across Great Britain may not get the bumper 8.5 per cent State Pension pay rise next April as the UK Government tries to reduce spending. On Tuesday, the Office for National Statistics announced that earnings growth for the period between May and July was 8.5 per cent, but this figure includes employee bonuses.
Those on the maximum Basic State Pension would see payments rise from the current £156.20 a week to £168.40 under an uprating of 7.8 per cent and £169.50 with 8.5 per cent. Mr Stride said the UK Government remains committed to the triple lock. But asked whether that would be based on earnings including bonuses , he told BBC Radio 4's World At One: "There clearly is a difference if you take into account the non-consolidated elements of pay in recent times, but these are all decisions that I have to take with the Chancellor as part of a very clear process, a statutory process actually, that I go through in the Autumn.
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