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- Annual state pension rises are decided by whatever is highest of price inflation, average earnings growth or 2.5%
- Labour has pledged to maintain the commitment until 2025
- 'Just look what the Conservatives in government have done. Pensioners today are £1,250 better off,' May says on constituency visit to Maidenhead
- 'Tories are abandoning older people,' says Shadow Chancellor John McDonnell
Prime Minister Theresa May is under pressure to commit the Tories to the valuable state pension 'triple lock' guarantee if they win the election, after she dodged a question about it on the campaign trail. Asked about the issue during a factory visit in her Maidenhead constituency, Mrs May replied: 'What I would say to pensioners is, just look what the Conservatives in government have done. 'Pensioners today are £1,250 better off as a result of action that has been taken. We were very clear about the need to support people in their old age, and that's exactly what we've done.' The triple lock means annual rises in the state pension are decided by whatever is the highest of price inflation, average earnings growth or 2.5 per cent. In the past few years, the state pension has routinely risen by 2.5 per cent because salary increases have remained weak and the inflation rate low....Read more here