State pension to increase 3.1% after triple lock suspension

Analysis from AJ Bell said The Treasury would save about £4.bn as a result. The basic state pension will increase by £4.25, from £137.60 per week to £141.85 per week. The flat-rate state pension should go up by £5.55, from £179.60 per week to £185.15 per week, according to its analysis. If the earnings element of the triple-lock had been retained, the state pension could have increased by 8.3% next year, it said. This would have increased the basic state pension to £149 per week and the flat-rate state pension to £194.50 per week. The platform added the decision to suspend the earn...