Liz Truss-backed state pension triple lock supported by 55% but 'generational divide' opens

New PM could restore triple lock increases

Ayesha Venkataraman
clock • 3 min read

More than half of adults (55%) believe the state pension triple lock should stay, however, support for the measure drops significantly among the younger generation, according to a survey from Canada Life.

In September 2021, the triple lock - the mechanism which commits to increasing the state pension by the highest of inflation, earnings or 2.5% - was downgraded to the double lock. However, Liz Truss's recent appointment as prime minister could mean that triple lock will be reintroduced as she had pledged to retain the state pension triple lock until the next general election. A recent survey by Canada Life points to a large generational divide when it comes to this measure, with 78% of over 55-year-olds agreeing it should be maintained, while just a third (33%) of 18 to 34-year-olds s...

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