PM Sunak: UK committed to triple-lock pension policy

LONDON (Reuters) – British Prime Minister Rishi Sunak said on Wednesday he was committed to the government’s ‘triple lock’ policy which sets the size of increases in the publicly funded pensions.

“This is the government that introduced and remains committed to the triple lock,” Sunak told parliament.

The pension triple lock is a government promise to raise publicly funded pensions by whichever is highest out of the level of earnings, inflation or 2.5%.

(Reporting by Sarah Young, writing by Farouq Suleiman)