Rishi Sunak could be about to axe a Tory manifesto pledge to keep increasing the state pension as he seeks to repair the coronavirus-battered economy. But there are no plans to abolish the triple lock and we will always stand by pensioners.' But Boris Johnson has told Mr Sunak that any new formula for upgrading the state pension should include safeguards for pensioners, according to officials close to the talks. Paul Johnson, director of the Institute for Fiscal Studies, said the government should announce a suspension of the triple lock soon. The expected breaking of the triple lock, which was introduced by David Cameron's coalition government in 2010, would start a big debate about whether it is affordable in the long run.

Source: Daily Mail June 17, 2020 10:30 UTC