Liz Truss bows to Tory pressure to keep ‘triple lock’ on pensions

Liz Truss has bowed to a Conservative revolt and agreed to hike pensions in line with soaring inflation – after No 10 suggested the pledge would be dumped.

“I have been clear that we are protecting the triple lock on pensions,” the beleaguered prime minister told MPs.

But, moments later, Ms Truss refused to make a similar commitment to increase benefits in line with inflation that has topped 10 per cent again.

She declared the crucial “budget” on 31 October would “make sure that the most vulnerable are protected” – but declined to rule out a below-inflation rise next April.