Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the letter from the Secretary of State for Work and Pensions entitled The future of the Triple Lock, dated 13 October 2026, what assessment he has made of the potential impact of the adjusted Triple Lock on household consumption and economic output.

The Government is committed to the Triple Lock for the duration of this Parliament. We will then adjust the Triple Lock from April 2030.

The Office for Budget Responsibility is the UK’s independent official forecaster and assesses the economic and fiscal impacts of government policy, including any impacts on consumption and economic output.