Elderly people listen to a tour guide in a church in central London, November 29, 2005. REUTERS/Toby Melville/Files
British newspapers have suggested that the government was looking at suspending the 'triple lock' promise of increasing pensions by whichever is higher of consumer price inflation, average earnings growth, or 2.5%. The promise to maintain the system for increasing pensions was in the Conservative government's manifesto of pledges ahead of the 2019 election, something to which Kwarteng alluded.
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