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The Independent UK
The Independent UK
Albert Toth

Pensioners to lose £1,600 under Labour’s plans to scrap triple lock, new analysis shows

Andy Burnham’s pledge to scrap the triple lock could cost future pensioners thousands of pounds, new analysis has found.

The prime minister has said that the mechanism used to increase the state pension every year will be “adjusted” from 2030, meaning it will rise at a slower rate.

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