
Pension triple lock to be key driver of public spending pressure, says OBR
Pension triple lock to be key driver of public spending pressure, says OBR.
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Summary
Pension triple lock to be key driver of public spending pressure, says OBR. Under the triple lock, the UK’s state pension rises each year by whichever is highest out of inflation, wage growth or 2.5%.
Cross-referenced from 4 sources.
Factual coreconfirmed by several independent voices
Pension triple lock to be key driver of public spending pressure, says OBR.
reliability moderate2/4 sourcesUnder the triple lock, the UK’s state pension rises each year by whichever is highest out of inflation, wage growth or 2.5%
reliability moderate2/2 sources
Reported detailssecondary facts, each attributed to its source
If the state pension rises with earnings rather than the triple lock then it would reduce pressure on spending by about 2% of GDP , the OBR estimated in its modelling for alternative options.
according to The IndependentThe pension triple lock will add billions of pounds to public spending in the decades ahead, the UK’s official forecaster has said, after Andy Burnham suggested he would protect the measure.
according to The Independent
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Under the triple lock, the UK’s state pension rises each year by whichever is highest out of inflation, wage growth or 2.5%
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