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The full list of projected new state pension rates from next spring - if the Triple Lock metric holds - have been revealed. State pensioners are in line for a pay rise next year under the Triple Lock promise from the Labour Party government.
Data from the Office for National Statistics (ONS) has showed an upwards revision to total wage growth including bonuses for May to July, going up from 4.7 per cent to 4.8 per cent.
Under the Triple Lock, the New and Basic State Pensions increase each year in-line with whichever is the highest between the average annual earnings growth from May to July (4.8%), Consumer Price Index (CPI) inflation rate in the year to September, or 2.5 per cent.
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Birminghalm Mail