Under the triple lock guarantee, the state pension increases every April in line with whichever is the highest of earnings growth in the year from May to July of the previous year, CPI (Consumer Prices Index) inflation in September of the previous year, or 2.5%.

With inflation running at more subdued levels, it is thought that wages will determine next year’s state pension increase.

Last month, Office for National Statistics (ONS) figures indicated that total pay had increased by 4.0% annually in the three months to July.

But when jobs data was released on Tuesday, the ONS had revised the figure up to 4.1%.........

© Norwich Evening News