Labour Reaffirms Commitment to Pension Triple Lock

Labour has reaffirmed its commitment to preserving the triple lock on state pensions, according to Education Secretary Lucy Powell. She confirmed the party's manifesto pledge to maintain the policy during a recent Labour Party conference.

The triple lock ensures that the state pension increases each year by the highest of three measures: average earnings growth, inflation, or 2.5 percent. Labour's commitment suggests continuity in pension policy if the party were to form the next government.