UK Chancellor Jeremy Hunt suggests reviewing state pension triple lock policy due to aging population.
UK Chancellor Jeremy Hunt has hinted at the possibility of revising the state pension triple lock, a policy guaranteeing annual pension increases based on the highest of wage growth, inflation, or 2.5%. The triple lock, pension age, and public service cuts are under review as the population ages, with Hunt stating that these factors could potentially support pensioner support. The state pension is set to rise by 8.5% in April.
March 19, 2024
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