‘Triple lock’ on pension rises is tipped to stay in Tory manifesto

Theresa May is tipped to keep the ‘triple lock’ on pensions in the Tory manifesto despite toying with the idea of downgrading it.

Mrs May repeatedly ducked questions about the fate of the flagship policy yesterday during the last session of Prime Minister’s questions before the election.

The evasion fuelled speculation that the pledge – which means the state pension rise by the highest of inflation, average earnings or 2.5 per cent – could be watered down due to concerns about ballooning costs.