Express.co.uk readers insist that Sunak must reinstate the State Pension triple loft uplift even if it means giving pensioners a 10 percent pay rise next April. Many fear he could suspend it for a second time, saying inflation has skewed the mechanism.
Under the triple lock, the State Pension increases either by earnings, inflation or 2.5 percent, whichever is higher.
This April, pensioners should have received a pay rise of more than 8 percent, in line with earnings growth.
However, Sunak blocked that increase, after the DWP said earnings figures had been “skewed and distorted” by the pandemic.
Instead, pensioners got just 3.1 percent. That’s a cut in real terms as inflation hit a 40-year high of nine percent in the year to April.
Sunak’s intervention sparked fury among hard-pressed pensioners and many fear a repeat this year.
The government uses the September inflation figure for the triple lock. By then, consumer price growth could be in double digits.
That could give pensioners a bumper pay rise, costing the Treasury a fortune.
The new State Pension is currently worth a maximum…
