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State Pension Boost on the Way | Leeds News
Description
Basic state pension recipients could see a boost to around £9,855 annually thanks to Labour’s pledge to keep the triple lock intact, guaranteeing at least a 2.5% rise next April. Andy Burnham confirmed this commitment during a Reddit Q&A, signaling no retreat from the party’s manifesto promise. For basic pensioners, that translates to roughly £240 more per year. The triple lock ensures pensions rise by the highest of inflation, average earnings, or 2.5%, protecting older citizens’ income. Meanwhile, new Chancellor John Healey is balancing fiscal responsibility with efforts to ease household costs, urging ministers to brainstorm practical solutions to help families cope with rising living expenses.
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