The cost of the state pension triple lock is forecast to be three times' higher by the end of the decade than its original estimate, according to the government's official forecaster. The triple lock,

The Office for Budget Responsibility has warned that the triple lock is set to cost £15.5bn by 2030, three times more expensive than originally expected in 2011

The state pension triple lock's future has been plunged into further uncertainty after the latest comments from a senior Labour Government minister. Payment General Nick Thomas-Symonds confirmed that his party remains committed to the mechanism used for the retirement benefit payment rate hikes but only "for this parliament".