Stride assurances on pensions triple lock

PENSIONERS are entitled to inflationary increases in income because they do not have the ability to "adjust their economic circumstances", Mel Stride has said.

- Martyn Brown

The Work and Pensions Secretary defended the pensions triple lock, explaining OAPs cannot "work more hours or get a different job".

He praised the continuation of the government guarantee despite fears for its long-term affordability.

The triple lock refers to the commitment to raise the state pension every year in line with whichever is highest out of wage growth, inflation or 2.5%. From yesterday, those receiving the state pension get a 8.5% increase.