Pension fears grow as Zahawi refuses to commit to triple lock – ‘tough decisions’ ahead

Around 12.5 million people who receive the state pension could face a real-terms cut in income if their payments do not rise in line with soaring inflation, which is currently at around 10 percent.

​Around 12.5 million people who receive the state pension could face a real-terms cut in income if their payments do not rise in line with soaring inflation, which is currently at around 10 percent.