State pension likely to rise by 4.7% next year
Source: BBC
Pritti MistryBusiness reporter andKevin PeacheyCost of living correspondentGetty ImagesPeople drawing their new state pension from April are likely to see a rise of more than £500 a year, latest wages data suggests.Under the "triple lock" policy, the state pension goes up each year by either 2.5%, inflation, or average earnings growth - whichever is the highest figure.The Office for National Statistics (ONS)…
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