As inflation falls, the Chancellor is being warned that the state pension triple lock will become unaffordable.
It looks like the Coronavirus pandemic might be about to claim another victim – that off the UK state pension triple lock.
The triple lock pledge ensures that the state pension rises in April every year at the rate of either: wage growth, inflation as measured in September or 2.5% – whichever is the highest.
In April this year it rose by the amount wages went up, which was 3.9%.
Now, as we all know, the government reactions to the pandemic are going to inevitably lead to a mass of redundancies later this year, putting many people on the dole.
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