News

Confirmed in Budget documents today

OBR estimates this will raise £900m a year from 2027/28 onwards

Triple lock sustainability remains a key issue for government

Will bring in £1.2bn a year

Compensation payments exempt ‘regardless of the circumstances’

OBR report released in 'unprecedented leak'

From April 2027

Revealed in OBR report ahead of the Budget speech

From 2028/29

Extended until 2030/31