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The National (Scotland)
The National (Scotland)
National
Ninian Wilson

Liz Truss backs down on pension triple lock commitment in major U-turn

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.

Hunt told colleagues at a Cabinet meeting on Tuesday that they must find savings from their departmental budgets.

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