Chancellor Rishi Sunak says triple lock is safe despite record recession

GDP 21.8% smaller than 2019

Hannah Godfrey
clock • 2 min read

Chancellor Rishi Sunak has said the pensions triple lock will remain in place for now, despite the UK facing the worst recession on record.

Speaking on LBC radio on Tuesday morning (6 October) Sunak confirmed the triple lock, the safeguarding mechanism which ensures the state pension does not lose value because of inflation, would not be removed in the near future. Responding to a question from LBC on maintaining the triple lock, he said: "Yes, our manifesto commitments are there and that is very much the legislative position. We care very much about pensioners and making sure they have security and that's indeed our policy." The triple lock guarantees the basic state pension will rise in line with the lowest of earnings,...

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