Cost of living fears grow as latest inflation data to be revealed

Cost of living fears grow as latest inflation data to be revealed

Ministers had previously committed to raising the state pension under the triple-lock system, although that too is now in doubt. The basic pension is currently £141.85 a week, or £185.15 for the new state pension. This will go up in line with the highest of inflation, wages, or 2.5% – of which inflation will be by far the largest.

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