Pensioners hit back at 3.1 percent increase as triple lock suspended | Personal Finance | Finance
The state pension triple lock has been temporarily suspended due to warped earnings data as a result of COVID-19. It meant the decision on state pension uprating was between 2.5 percent and inflation as of September 2021.
With the inflationary figure higher at that point, a 3.1 percent increase was agreed.
However, now this has materialised, many are upset, calling for further rises to the sum.
Pensioners have lashed out at the increase to the state pension this year, with Express.co.uk readers making their feelings known.
Many have asserted the increase is not enough, particularly given the rising cost of living.
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Speaking to GB News, Jonathan Ashworth said: “These pensioners have paid their stamps. Boris Johnson broke that promise on the triple lock.
“The triple lock should come back, and at the moment they are saying it will come back but we will wait and see because they have broken so many promises.”
A DWP spokesperson recently told Express.co.uk: “We recognise the pressures people are facing with the cost of living, which is why we’re providing support worth over £22 billion this year to help.
“From this month, the full yearly amount of the basic state pension will be over £2,300 higher than in 2010 and the latest figures show there are 400,000 fewer pensioners in absolute poverty compared to 2009/10.
“We’re also continuing to work with stakeholders and others to increase awareness of Pension Credit, with the number of new claims 30 percent higher in 2021 compared to 2019 – and take up now at its highest level since 2010.”
