While an increasing number of older people have occupational or other pensions about 31 per cent rely totally on the basic pension. As wages and prices rose the real value of the pension fell year upon year until 2010 when the triple lock was introduced. This guaranteed that the basic pension rose by the level of wage rises, price increases or 2.5 per cent, whichever was the largest. READ MORE: Stephen Flynn boasts that SNP is 'committed to pensions triple lock'... but only in the UK! But now the Prime Minister's refusal to guarantee he will keep the triple lock has caused alarm among pensioners and those who fight for their cause.

Source: Express September 15, 2023 23:11 UTC