Pension rise to be decided by last-minute wage figures as Hunt ponders triple lock tweak

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Pension rise to be decided by last-minute wage figures as Hunt ponders triple lock tweak
United Kingdom Latest News,United Kingdom Headlines
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The Chancellor wants to see whether the published rate of earnings growth is going to be revised by statisticians before he makes a decision

This move would save up to £1bn but would stoke controversy over whether the Government was keeping its promises under the triple lock.

The rate could also depend on inflation, although with prices currently rising by 6.7 per cent it appears overwhelmingly likely that the triple lock will be based on wage growth rather than inflation.

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