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UK's Sunak says "triple-lock" on pensions is safe

Tue, 6th Oct 2020 07:55

LONDON, Oct 6 (Reuters) - British finance minister Rishi
Sunak said the government would stick to its so-called "triple
lock" for settling increases in state pensions which could jump
next year because of calculation distortions caused by the
coronavirus crisis.

Asked by LBC radio whether the triple lock was safe, Sunak
said: "Yes, our manifesto commitments are there and that is very
much the legislative position. We care very much about
pensioners and making sure they have security and that's indeed
our policy."

Sunak said in July he would consider "the anomaly" of
potentially huge increases in pensions caused by the calculation
distortions.
(Reporting by Guy Faulconbridge and Estelle Shirbon
Writing by William Schomberg; editing by Sarah Young)

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