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Triple Lock in the News

Today the Triple Lock has been covered by a number of major newspaper titles following the Treasury’s reported concern for paying for all of the Government’s new policies. The Times, Telegraph and Financial Times have speculated what the Treasury may consider in order to ease pressure on the public finances.

Whilst the Government maintains it is committed to the Triple Lock, Chancellor Sunak has not ruled out changes in some form. NFOP, and our colleagues at Later Life Ambitions, will continue to keep a watching brief. It may well be that we will have to wait until the Spending Review this coming Autumn to know more.