UK pensioners are set for a potential financial boost next year, with forecasts suggesting an increase of around £500 to the state pension.
This rise would come as a result of the 'triple lock' policy, which guarantees that the state pension increases each year by the highest of either inflation, average earnings growth, or 2.5%.
With both inflation and earnings growth currently on an upward trajectory, a substantial increase is likely.
The policy has been a contentious one, with critics arguing that it is an unsustainable and costly measure that places a heavy burden on the working population and public finances.
However, the government has so far committed to maintaining the triple lock, which is a popular measure among a key voting demographic.
The expected increase will provide much-needed support for retirees facing the cost of living crisis, but it also reignites the debate over the long-term viability and fairness of the triple lock policy, especially as the UK's population continues to age.
2025-08-23 10:01:00
DWP confirms state pension is on track for a 4.7% rise, giving retirees over £500 extra annually under the triple lock system.
2025-09-16 15:17:00
The latest data from UK Finance shows a rise in mortgage arrears and possessions in the second quarter of 2025, although lenders continue to offer support to struggling homeowners.
2025-08-28 18:25:00
UK inflation has unexpectedly accelerated to 3.8% in July, primarily driven by rising food, fuel, and airfare costs.
2025-08-24 16:33:00
UK inflation has unexpectedly accelerated to 3.8% in July, primarily driven by rising food, fuel, and airfare costs.
2025-08-24 10:10:00
A UK spy chief has revealed that the government has withdrawn its previous demands for access to US-based Apple user data.
2025-08-23 08:02:00
A UK spy chief has revealed that the government has withdrawn its previous demands for access to US-based Apple user data.
2025-08-22 23:46:00
The UK's water regulator, Ofwat, has come under fire for its 'chaotic' and 'unfit' approach to managing the country's water and sewage companies.
2025-08-22 18:17:00
A new survey reveals that tenants in England are spending an 'unaffordable' 36% of their income on rent, highlighting the country's severe housing affordability crisis.
2025-08-22 13:57:00
A new report suggests that the UK is falling behind the European Union in implementing new environmental regulations in the years following Brexit.
2025-08-22 12:29:00
Leading UK auditors have warned that the government's plans for tax reform could be 'rushed' and lead to significant snags and unintended consequences.
2025-08-21 20:17:00
Annuity rates for pensions have climbed to their highest levels in years, making now a potentially opportune time for retirees to purchase a guaranteed income stream.
2025-08-21 16:57:00
A UK minister has stated that the government is willing to take a 'different approach' in ongoing talks with the US over trade tariffs.
2025-08-21 12:10:00
Britain's economy grew by 0.3% in the second quarter, a slowdown from the first quarter but better than anticipated by market analysts.
2025-08-20 21:48:00
Chancellor Rachel Reeves has pledged to make boosting the UK's productivity a key focus of her upcoming Autumn Budget.
2025-08-20 21:04:00
More households are eyeing fixed energy deals for bill certainty as forecasts point to only marginal cap moves.
2025-08-20 18:39:32
Insurance company Royal London has reported a 15% increase in pre-tax profit for the first half of 2025, buoyed by higher business sales and a successful entry into the bulk purchase annuity (BPA) market.
2025-08-20 18:39:32
An editorial from The Guardian argues that the shrinking of the London Stock Exchange is a symptom of a 'broken growth model' and low business investment in the UK.
2025-08-20 18:39:32
The DWP’s review of the state pension age has raised concerns about potential increases, risking £800 annual losses for pensioners.
2025-08-20 18:39:32
The Department for Work and Pensions confirms the £150 Warm Home Discount scheme will expand to include Universal Credit claimants from this winter.
2025-10-02 12:31:00
Lender Close Brothers has set aside an additional £33 million to compensate customers for overcharged car loans, marking a fresh blow amid the ongoing investigation into historical mis-selling in the UK car finance market.
2025-10-01 17:36:00
The state pension age is expected to rise again, leaving 1.5 million Britons in 'benefit limbo' who are too young to retire but have lost access to key benefits and tax credits.
2025-10-01 15:11:00
Chinese money launderer Zhimin Qian has been convicted in one of the UK’s largest-ever money laundering cases, bringing an end to a seven-year Met Police investigation into a global scheme to clean illicit cryptoassets by purchasing property.
2025-10-01 14:10:00
A new report has urged the government to accelerate the rise of the state pension age to 68, arguing that the welfare bill is becoming unsustainable and that past governments have 'treated the issue like a hot potato.'
2025-10-01 10:36:00
Asian shares traded in a narrow range as traders prepared for a potential US government shutdown, while Wall Street finished higher, boosted by technology stocks and US interest rate cut expectations.
2025-09-30 19:40:00
Replace bathtubs with groutless showers for easier cleaning, water savings, and timeless design.
2025-09-30 17:58:00
The Jersey Communication Foundation has distributed grants exceeding £23,000 to six local projects, aiming to create a 'level playing field' and tackle social mobility issues in the Teesside community.
2025-09-29 16:55:00
Bullion has hit a series of record highs, putting 2025 on track for gold’s strongest annual performance since 1979, driven by high inflation, interest rate volatility, and escalating geopolitical crises.
2025-09-29 16:45:00
Drivers advised to verify QR codes in car parks to avoid fraudulent payment sites.
2025-09-29 12:38:00
Use lemons, vinegar, and other foods for eco-friendly cleaning, avoiding harsh chemicals.
2025-09-28 19:25:00
US cattle and beef prices have soared to record highs amid tight domestic supply, strong consumer demand, and ranchers’ reluctance to expand herds, with restaurant owners forced to pass on soaring costs to diners.
2025-09-28 19:03:00