The UK state pension is set to rise by 4.8% in April 2026, taking the full new state pension to £12,547.60 a year, following the latest “triple lock” adjustment linked
State Pension to Rise to £12,547 a Year in April Under 4.8% Triple Lock Increase
The UK state pension is set to rise by 4.8% in April 2026, taking the full new state pension to £12,547.60 a year, following the latest “triple lock” adjustment linked
UK government borrowing is projected to reach its highest level in 34 years.
UK government borrowing costs are poised to reach a 34-year high compared to Germany, amid growing uncertainty about how quickly the Bank of England can lower interest rates.
UK wage growth is expected to boost the state pension by £517.
Analysts have said that wage growth is expected to determine the increase in the state pension, potentially giving pensioners a £517 boost next year.
UK Wage growth jumps to record high
Record-breaking wage growth outside of pandemic times is placing significant pressure on the Bank of England, compelling it to continue increasing interest rates to circumvent an inflationary vortex.