State pension: Rishi Sunak warned ditching triple lock would be ‘deeply unpopular’ | Personal Finance | Finance

This would be £442 per year, and £340.60 per year less than a 10.1 percent inflation-linked increase respectively. 

Tom Selby, head of retirement policy at AJ Bell, said: “While the Chancellor is clearly scrabbling around for potential cost savings ahead of his Autumn Statement this week, attacking the state pension triple-lock would be a seriously high-risk and deeply unpopular move.

“Of course, ditching the triple-lock and increasing the state pension in line with average earnings would save the Exchequer a pretty penny – somewhere in the region of £5billion. 

“And because the state pension would be permanently lower, that saving would be made every year.