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Liverpool Echo
Liverpool Echo
Business
Gemma Jones

Amount your State Pension could be cut by in April by Liz Truss despite triple lock rise

State Pensions could see a drop in value by April of next year as Liz Truss continues to make changes to the country's finances.

The pressure is on for the new Prime Minister to do the right thing to make the dire financial situation in the UK a bit better. Just weeks ago Truss was promising the state pension would rise by the triple lock - also pushing it up by 10.1%.

But the PM is now thought to be looking at whether to raise pension payments by earnings instead - which is only 5.5%. The move would deprive pensioners - of which there are 12.3million - £443 a year if they're on the New State Pension, reported The Mirror.

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