https://birminghamdaily.co.uk/tags/tripelock/Recent content in tripelock on Birmingham DailyHugo -- gohugo.ioen-usSat, 30 May 2026 05:33:03 +0000https://birminghamdaily.co.uk/dwp-urged-to-maintain-state-pension-triple-lock-amid-financial-concerns/Sat, 30 May 2026 05:33:03 +0000https://birminghamdaily.co.uk/dwp-urged-to-maintain-state-pension-triple-lock-amid-financial-concerns/Sir Steve Webb, the former pensions minister under the coalition government and architect of the triple lock, has come out strongly in defense of the policy. He cautions that abandoning the triple lock at this time would be “a disaster” for retirees. The triple lock guarantees that state pensions increase each year by the highest of inflation, average wage growth, or 2.5%. While the policy faces criticism for being financially unsustainable and unfair towards younger generations, Webb argues it remains crucial, at least in the short to medium term.