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The Minister of State, Department for Work and Pensions (Baroness Sherlock) (Lab)

Speaking in the House of Lords on 21 January 2025

Debate

State Pension: Triple Lock

Contribution

My Lords, our commitment to the triple lock for the entirety of this Parliament means that spending on people’s state pensions is forecast to rise by over £31 billion. As a result, the yearly state pension will have increased by up to £1,900 by the end of the Parliament. Protecting the triple lock, even in the current economic climate, shows our commitment to pensioners.

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