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UK State Pension Rises £500 Amid Inflation and Wage Growth

4/2/2026

45 3 Full Breakdown

Summary

Story summary

The triple lock raises the UK state pension by over £500 annually.
September's inflation rate of 3.8% and wage growth of 4.8% drive the increase.
All major parties, including Reform UK, support the triple lock, with Nigel Farage (Reform leader) committing to it.
Costs are projected to reach £15.5 billion by 2030.
The government is reviewing the state pension age, potentially rising to 71 by 2050.

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Story summary

The triple lock raises the UK state pension by over £500 annually.
September's inflation rate of 3.8% and wage growth of 4.8% drive the increase.
All major parties, including Reform UK, support the triple lock, with Nigel Farage (Reform leader) committing to it.
Costs are projected to reach £15.5 billion by 2030.
The government is reviewing the state pension age, potentially rising to 71 by 2050.