Liz Truss vows to protect ‘triple-lock’ pensions in boost to millions of OAPs who faced losing thousands

LIZ Truss today committed to protecting the pensions triple lock after previously warning 12 million Brits could miss out on cash.

The Prime Minister today used a Commons showdown to vow those on the new state pension will not be left behind.

She earlier refused to commit to raising state pension payments in line with inflation from April 2023.

The move would have left millions of OAPs missing out on as much as £12,296.94 over the next 20 years.

But in a defiant U-turn, the PM today told MPs: “I am being completely clear – we are protecting the triple lock”.

The triple lock ensures that payments rise each year by whichever is highest of the three figures: inflation, wages or 2.5%.

Usually, its inflation figures from September which are used for the triple lock calculation.

These were released today, and showed that inflation has now returned to a 40-year high of 10.1%.

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