Hope for pensioners as inflation surges – how much could state pension payments rise to?

Pensions triple lock scrapped for millions of Brits

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Inflation has shot up to a staggering 3.2 percent in annual terms, an all-time high since inflation data was first recorded in 1997. As the triple lock will be temporarily suspended next year, the value of state pension will rise by either 2.5 percent, or the rate of inflation – whichever is higher.

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