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The Independent UK
The Independent UK
National
Vicky Shaw

Triple lock increases state-pension spending by £11bn a year – analysis

IFS the Institute for Fiscal Studies Inflation
PA Archive

An additional £11 billion per year is spent on state pensions as a result of the triple lock, compared to what spending would have been if growth had been in line with either prices or earnings, according to the Institute for Fiscal Studies (IFS).

State financial support to pensioners is greater as a result of the triple lock, the IFS said.

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