LONDON (Reuters) - British finance minister Rishi Sunak said the government would stick to its so-called “triple lock” for settling increases in state pensions which could jump next year because of calculation distortions caused by the coronavirus crisis.
Asked by LBC radio whether the triple lock was safe, Sunak said: “Yes, our manifesto commitments are there and that is very much the legislative position. We care very much about pensioners and making sure they have security and that’s indeed our policy.”
Sunak said in July he would consider “the anomaly” of potentially huge increases in pensions caused by the calculation distortions.
Reporting by Guy Faulconbridge and Estelle Shirbon; Writing by William Schomberg; editing by Sarah Young
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