The Government said that it had ditched its commitment to the triple lock state pension, as new CPI data showing inflation has hit 10.1%, dealing major blows to consumers – however, at PMQ’s Ms Truss has apparently performed another U-turn by Andrew Megson

Andrew Megson, CEO of My Pension Expert, said: “On the surface, Liz Truss reaffirming her commitment to the triple lock will be very welcome news for all those with a state pension. However, pension planners will likely view this announcement with some scepticism. “The PM is performing U-turn upon U-turn. It’s impossible to keep up or predict what will happen next. Only time will tell whether this commitment will come to fruition. So, many will be looking to The Chancellor’s next fiscal statement on 31 October to provide more clarity in this regard.”

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