Labour to retain triple lock if it wins general election

AJ Bell calls on all political parties to ‘come clean’ on pensions

Jenna Brown
clock • 2 min read

Labour has said it will retain the state pension triple lock if it wins the next general election, according to reports.

The party told The I it would keep the policy in place should it win power. AJ Bell said while the policy, and its retention, would be viewed as a commitment to older voters it did not mean the triple lock made fiscal sense. It urged all politicians to ‘come clean' with voters about the future of the state pension. AJ Bell explained the triple-lock pledge meant the state pension increases each year by the highest of average earnings, inflation or 2.5%. State pension payouts are set to rise by 8.5% in April. Director of public policy Tom Selby said: "Given Sir Keir Starmer has be...

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