State pension rise slammed as insult to older generation – ‘50 years of work for what!?’

Lance Forman warns about threat of inflation to UK economy

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The Conservative manifesto pledged to protect the triple lock which protected pensions, ensuring payments would rise by either the rate of inflation of average earnings, the rate of inflation of consumer goods, or 2.5 percent – whichever was highest. This year, the rate of earnings increased by a record high of 8.8 percent, because the pandemic threw the population into unemployment and then, as Covid eased, there was a wave of new employment.

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