UK inflation jump calls for matching rise in state benefits


For millions of people – pensioners and those eligible for state benefits – last month’s double-digit inflation figure is the one that really matters.

Each year, the government uses the September increase in the cost of living as measured by the consumer prices index to calculate by how much pensions and benefits will rise the following April.

Under the triple lock, pensions are uprated by one of three measures: the annual inflation rate, average earnings growth or 2.5%. This year, inflation is markedly the highest at 10.1%, with average earnings lagging at 5.5%.

So it was big news when word got out this week that Jeremy Hunt’s austerity drive could involve abandoning the triple lock and saving the Treasury £5.6Bbn by linking next year’s pension increase to earnings rather than prices.

The rumour proved short-lived. Liz Truss popped up at prime minister’s questions to say she was “completely committed” to the triple lock. That means someone eligible for a full state pension will get an increase of close to £1,000 a year from April.

It is not hard to see why Truss considered ditching the triple lock a U-turn too far. Pensioners voted overwhelmingly for Boris Johnson at the 2019 general election and are the Conservative party’s core constituency.

Tellingly, however, the government has failed to give a similar cast-iron pledge to uprating working-age benefits – such as universal credit – in line with prices, and, as things stand, most of them look likely to be raised in April by average earnings. According to the Resolution Foundation thinktank, that would save Hunt £2.4bn but make life even tougher for households already struggling to cope with the rising cost of energy and fuel.

About the author

Marta Lopez

I am a content writer and I write articles on sports, news, business etc.

By Marta Lopez


Get in touch

Content and images available on this website is supplied by contributors. As such we do not hold or accept liability for the content, views or references used. For any complaints please contact Use of this website signifies your agreement to our terms of use. We do our best to ensure that all information on the Website is accurate. If you find any inaccurate information on the Website please us know by sending an email to and we will correct it, where we agree, as soon as practicable. We do not accept liability for any user-generated or user submitted content – if there are any copyright violations please notify us at – any media used will be removed providing proof of content ownership can be provided. For any DMCA requests under the digital millennium copyright act
Please contact: with the subject DMCA Request.