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UK government considers capping state pension increases to manage rising costs, potentially altering triple lock policy.
The UK government is considering capping annual state pension increases, currently guaranteed by the triple lock policy, due to rising costs.
The triple lock ensures pension rises by the highest of 2.5%, inflation, or average earnings growth.
The Office for Budget Responsibility predicts this could cost £15.5 billion annually by 2029/2030, leading experts to suggest a cap to manage state pension expenses.
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El gobierno del Reino Unido considera limitar los aumentos de las pensiones estatales para manejar el aumento de los costos, lo que podría alterar la política de triple cerrojo.