The future of the triple lock on the state pension is likely to be secure, with both the Conservatives and Labour expected to commit to the policy in their election manifestos
: “The triple lock on pensions, when workers are facing falling living standards and the fiscal position vulnerable, is highly questionable.”Currently, the full basic state pension is £156.20 per week, and the full state pension is £203.85 per week.
Earnings are expected to outstrip inflation for the first time in 14 months in Wednesday’s figures, but could fall back below the rate of price increases by next month. People with no NI record before 6 April, 2016 need 35 qualifying years to get the full state pension.
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