John Redwood was MP for Wokingham from 1987-2024 representing the Conservative Party and is now a member of the House of Lords.
The triple lock pledge means state pension increases every year by the highest of inflation, average earnings growth or 2.5 per cent.
The headline full state pension is currently £241.30 a week and is expected to rise to around £251 a week and top £13,000 annually from next spring.
That's because the latest wage growth figure was 4.1 per cent, but the most recent inflation figure was 2.6 per cent – and the earnings figure due out on Tuesday, September 15 is likely to decide the matter
I have some rare good news on government finances. The triple lock on the state pension is both affordable and well secured for future years.
