State pension triple lock increase confirmed

The full new flat rate state pension will rise to £159.55 a week and the basic state pension to £122.30 from next April - representing a 2.5% increase under current triple lock rules, This is Money wrote. The rises of just under £4 per week and £3 per week, mean Chancellor Philip Hammond has stuck to the triple lock system, as pledged in the Tory manifesto. Under the system annual rises in the state pension are decided by whatever is the highest of price inflation, average earnings growth or 2.5 per cent. Hammond confirmed the triple lock would stay for the current parliament durin...