Ahead of the 2010 election, the Tories promised state pensions would rise every year by at least as much as average salaries - and they've repeated that promise ahead of every election since. But it's temporary - with wages expected to bounce back when the crisis is over provided the scheme has worked and people's jobs have been saved. That means, as things stand, state pensions are expected to rise by 18.3% next year - or £1,667.20 a year - even though they never fell. (Image: Universal Images Group Editorial)More, this rise would then be baked in, meaning next year's increase would be bigger too. But, with public finances stretched to the limit as things are, breaking that promise to pensioners might be the better move.

Source: Daily Mirror July 07, 2020 13:48 UTC