State pension: Payments to exceed £200 a week next year as triple lock returns | Personal Finance | Finance

“Nonetheless, it would be extremely divisive to break the triple-lock pledge again on the basis of an unexpected rise in inflation – particularly with a general election on the horizon”

The finance expert broke down how much the basic and new state pensions will go up by if the triple lock is reintroduced.

He added: “Currently, the basic state pension is worth £141.85 per week (£7,376.20 per year), while the new state pension pays £185.15 per week (£9,627.80 per year).

“If inflation in September hits 13 percent, this implies the basic state pension would rise by £18.45 to £160.30 per week (£8,335.60 per year), while the new state pension would rise by £24.10 to £209.25 per week (£10,881 per year).”