The Prime Minister insisted she and Chancellor Jeremy Hunt will increase state pensions in line with inflation.
19 October 2022
Liz Truss has insisted she is “completely committed” to the triple lock on state pensions just a day after Downing Street triggered a backlash by indicating it could be ditched.
The Prime Minister told MPs on Wednesday that she and Chancellor Jeremy Hunt will be increasing pensions in line with inflation, which currently stands at more than 10%.
Ministers were considering ditching the manifesto promise due to the squeeze on the public finances in the wake of the mini-budget fiasco.
Ms Truss faced a fresh wave of anger after No 10 said the policy was under review and her new Chancellor failed to commit to it as he seeks to plug a multibillion-pound black hole.
But she told Prime Minister’s Questions: “We’ve been clear in our manifesto that we will maintain the triple lock and I’m completely committed to it – so is the Chancellor.”
However, Ms Truss continues to face a rebellion on another front after she refused to give the same commitment to increasing benefits in line with inflation.