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    triple lock pension

    Explore "triple lock pension" with insightful episodes like "Will the Government keep its state pension triple lock promise this time?", "Should we ditch the pensions triple lock? (Podcast excerpt)" and "The election is about your money - not just leadership battles - find out how" from podcasts like ""This is Money Podcast", "This is Money Podcast" and "This is Money Podcast"" and more!

    Episodes (3)

    Will the Government keep its state pension triple lock promise this time?

    Will the Government keep its state pension triple lock promise this time?
    Inflation is soaring and if predictions are correct, it would result in the Consumer Prices Index measure hitting 13 per cent this autumn.

    That could result in a state pension rise of around £1,000 a year to £10,900 while even at the current level of 10.1 per cent it would be upped to £10,600.

    However, last year, the triple lock was scrapped. Would a new Prime Minister dare do the same this time around? Lee Boyce, Tanya Jefferies and Georgie Frost discuss.

    Inflation is hitting those with pensions in different ways, we explain how and Tanya unearths yet more errors at the DWP.

    She explains why – if you, or someone you know, was refused a state pension or given an unexpectedly low award when you turned 66 – it could be worth challenging. 

    Data also suggests that some workers are opting out of private pensions or reducing contributions thanks to the rise in the cost-of-living. Is that a wise decision?

    Outside of pensions, we had calculations this week that inflation predictions are undercooked and could actually peak at 18.6 per cent early next year, with base rate having to reach 7 per cent to stop it. 

    It comes as the energy price cap is now forecast to reach £5,500 in April 2023. 

    And finally… the number of homes available to rent has halved in two years pushing prices through the roof.

    According to research, tenants are effectively losing a bedroom if they spend the same amount of money today on a property compared to two years ago. What next for the rental market?

    Should we ditch the pensions triple lock? (Podcast excerpt)

    Should we ditch the pensions triple lock? (Podcast excerpt)

    The pensions triple lock means that state pensions rise by wages, inflation or 2.5% - whichever is greatest. This promise has raised pensioner incomes but stands accused of being too expensive and has become an election hot potato. Should it be ditched? Simon Lambert, Rachel Rickard Straus and Georgie Frost discuss it on this excerpt from the This is Money podcast.

    The election is about your money - not just leadership battles - find out how

    The election is  about your money - not just leadership battles - find out how

    The result of the election on June 8 will determine the financial outcome of Britain possibly more than any other in recent memory.

    So sit down and listen to Simon Lambert, Georgie Frost and Rachel Rickard Straus explain in simple terms what is at stake.

    On the agenda:

    Pension triple lock – if you’ve never really understood this, you will now

    Energy price cap – that old thing. The only thing left for Theresa May to do to turn into Ed Miliband is to eat a bacon butty badly.

    Who will fix the housing crisis and how?

    Is GDP now suffering at the prospect of Brexit - and is it really best way to measure a country’s performance?

    Elections in Europe – how may they affect our economy?

    New probate fees ‘the equivalent of paying £20,000 to renew your passport’ have been scrapped – and other great Tory tax u-turns

    Plus

    Let’s increase the speed limit to 80mph on motorways. We need something to look forward to.

    Enjoy.