Sunak's Downing Street 'committed' to state pension triple lock despite cost concerns

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Sunak's Downing Street 'committed' to state pension triple lock despite cost concerns
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Despite a firm commitment from Number 10, Mel Stride, the work and pensions secretary, suggested pensioners may not get the 8.5% increase in the state pension that earnings figures suggest - as the terms of the lock may still leave room for the government to save money.

Critics also point to the impact the current cost of living crisis is having on working-age people who are having to contend with rent hikes and rising mortgage rates.

The prime minister's official spokesman said:"You know there's a formal process for this when it comes to uprating but we remain committed to the triple lock which has seen 200,000 pensioners lifted out of absolute poverty after housing costs are taken into account." The spokesperson also said the government would ensure the state pension"remains sustainable and fair across generations".Mel Stride, the work and pensions secretary, suggested pensioners may not get the 8.5% increase in the state pension that earnings figures suggest.

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