Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, whether she has made an assessment of the potential merits of maintaining the state pension triple lock for the year 2022-23; and if she will make a statement.

The Government is committed to applying the Triple Lock from 2023/24, for the remainder of Parliament. The decision in 2021 was by reason of statistical anomaly. In 2020 the Government raised State Pension by 2.5%.

Parliament has voted for State Pensions to increase by the Consumer Price Index. This has been the case under successive governments of all Political Parties since the 1970s.

From April, the full yearly amount of the basic State Pension will be around £720 more in 2022/23 than if it had been up-rated by prices since 2010. That’s a rise of over £2,300 in cash terms.