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Liverpool Echo
Liverpool Echo
World
Sam Blewett & Lottie Gibbons

DWP state pension update as triple lock could be scrapped

Liz Truss is no longer standing by her commitment to increase state pensions in line with soaring inflation as her imperilled leadership is overhauled by Chancellor Jeremy Hunt.

Downing Street indicated ministers could ditch their commitment to the triple lock as the new Chancellor brought in to save her ailing leadership searches to plug a multi-billion pound black hole. Mr Hunt told colleagues at a Cabinet meeting on Tuesday that they must find savings from their departmental budgets.

As recently as October 2 Ms Truss was clear state pensions would increase in April by whichever is highest - 2.5%, wages or inflation. She said in BBC interview: "I've committed to the triple lock. Yes."

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