People receiving the state pension could be about to benefit from a new government policy. That's because Therese Coffey - the Secretary of State at the Department for Work and Pensions - hinted pensioners will be set for an increase that matches soaring inflation.
The state pension is set to soar next year as the triple lock returns, reports Birmingham Live. The elderly are in line for an increase in pensions payments next year. Dr Coffey told the BBC: “We’re going back to our policy of the triple lock.
"I do recognise the average income of pensioners is very low.” She defended plans to rise the state pension in line with inflation while public sector workers are likely to face real-terms cuts.
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She told the BBC's Sunday Morning show: "We are going back to our policy of the triple lock, we suspended it for one year because freakish statistics would have given pensioners a particularly odd earnings relation in terms of rises.
"I formally have to make a decision in the autumn so I can't predict that but do recognise the average income of pensioners is very low.
"So potentially a 10% rise or matching inflation, whatever the appropriate rate would be at the time ... would be, I think, a measured approach recognising that their opportunity for people to earn more income is very limited, if possible at all."
Elsewhere, Work and Pensions Secretary Therese Coffey insisted Boris Johnson was "not aware of specific claims" about Chris Pincher before making him Tory deputy chief whip.
She told Sky's Sophy Ridge On Sunday programme: "I am aware that the Prime Minister was not aware of specific claims that had been made."
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