Increase will put further pressure on Rachel Reeves as ONS figures show pay growth slowing and job losses rising

Explainer: what is the triple lock, and could it be ditched?

UK pay growth stays high – but Britons are feeling the pinch

Business live – latest updates

Millions of people are poised for an above-inflation 4.7% increase in their state pension payments, adding to pressure on the government finances as Rachel Reeves explores raising taxes at the autumn budget.

Labour has committed to retaining the triple lock on the state pension, which guarantees annual increases in line with whichever is the higher of 2.5%, inflation in September or annual earnings growth in the three months to July.

Continue reading…State pensions, Pensions, Money, Economics, UK unemployment and employment statistics, Business, UK newsRead More

You might also be interested in reading Travala launches AI hotel booking protocol that kills checkout pages.