UK’s Tory Government prepares to break ‘triple lock’ state pension pledge: FT

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FILE PHOTO - The Union Flag flies near the Houses of Parliament in London, Britain, June 7, 2017. REUTERS/Clodagh Kilcoyne/File Photo

(Reuters) – British finance minister Rishi Sunak is planning to break the Conservative Party’s “triple lock” state pension pledge, the Financial Times reported on.ft.com/3e9TilQ, saying the Treasury fears the policy may become unaffordable due to the economic fallout of the coronavirus outbreak.

According to the triple lock pledge, state pension goes up by whichever is higher- wages, inflation or 2.5%.