Budget 25: Chancellor retains state pension triple lock

Budget documents said the government was committed to maintaining state pension increases. The document said the government would support the incomes of "over 12 million pensioners through a commitment to the triple lock for the duration of this parliament". In April 2026, the state pension will be uprated by 4.8%, so pensioners will receive up to an additional £575 a year, it added. Under the triple lock, the state pension increases each year by either 2.5%, inflation, or average earnings growth - whichever is the highest figure. The full new state pension should rise to about £24...