State Pension UK: Triple Lock value set to soar in comparison to earnings

The Institute for Fiscal Studies stated that between April 2010 and April 2016, the value of the state pension increased by 22.2 percent.

This is compared to growth in earnings of 7.6 percent, and growth in prices of 12.3 percent, when considering the same period.

However, those worried about their Triple Lock entitlement may not have to worry at all.

Prime Minister Boris Johnson recently vowed he would “meet all manifesto commitments” when asked about his pledge to keep the Triple Lock activated.

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