The Triple-Lock to be Unlocked?
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Next year state pensioners are in line for an 18% increase.
The problem is caused by the furlough. Forecasts from the Office for Budget Responsibility showing a drop of more than 7% in earnings this year as a result of millions of furloughed workers receiving 80% of their wages, which will be followed by an 18% increase next year as they return to full pay.
One possible solution would be a temporary one-year suspension of the triple lock.
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