General · 1 hour ago
State pension likely to rise by 3.9% next April
The retirement benefit provided by the state is expected to increase by 3.9% in April of next year, a figure determined by current employment and wage data. This increment is determined by the triple lock mechanism, which selects the greatest value among average earnings expansion, the rate of inflation, or 2.5%. Data released by the national statistics body indicated a deceleration in the growth of average incomes during the period of May to July.
Reported by BBC · How we write briefs