Triple lock reinstated in major state pension boost – how much your payments will be

Triple lock reinstated in major state pension boost – how much your payments will be

Boris Johnson’s official spokesman said: “Pensioners, particularly those who receive state pensions, are disproportionately impacted by high energy costs.

“They can’t always increase their incomes through work and they are more vulnerable to cost of living pressures.

“And that’s, for example, why we introduced additional support for pensioners as part of our cost of living package, the pension and cost of living payment of £300. We’ve said the triple lock freeze was temporary.”

The CPI inflation rate is currently at 9.1 percent, its highest rate since 1982, and is expected to grow as 2022 continues.

Published at Sun, 26 Jun 2022 14:26:00 +0000