Liz Truss has threatened to abandon the state pension triple lock - a move that would hit 12.3million with a real-terms cut in April.
Days ago the PM was vowing she would honour the Tory manifesto pledge - which raises pensions by the highest of inflation, average earnings or 2.5% - even if other benefits are cut.
That would mean a 10% or so rise in April 2023, taking the New State Pension from £185.15 to just over £200 per week