Pension fears grow as Zahawi refuses to commit to triple lock – ‘tough decisions’ ahead

Around 12.5 million people who receive the state pension could face a real-terms cut in income if their payments do not rise in line with soaring inflation, which is currently at around 10 percent.

Around 12.5 million people who receive the state pension could face a real-terms cut in income if their payments do not rise in line with soaring inflation, which is currently at around 10 percent.