Rachel Reeves nightmare as £915 state pension triple lock hike threatens fiscal meltdown
Pensioners really like the "triple lock" system, which has helped many avoid poverty since 2011. This system increases the state pension each year based on the highest of three things: average earnings, inflation, or 2.5%. Thanks to the triple lock, pensions rose by 11.1% in 2023 and 8.5% in 2024,...
