The Prime Minister Liz Tuss told MPs that the government will raise pensions in line with inflation.

If you retired part way through 2021/2 you won’t get the full increase straightaway. You’ll start to get the full increase from 2023. 

Under the triple lock, pensions are uprated by one of three measures: the annual inflation rate, average earnings growth or 2.5%. This year, inflation is markedly the highest at 10.1%, with average earnings lagging at 5.5%.

Pensioners voted overwhelmingly for the Tories at the 2019 general election and are the Conservative party’s core constituency. 

The soaring cost of food and energy is affecting people across the globe.

“Unprecedented price surges mean that for many people across the world, the food that they could afford yesterday is no longer attainable today,” says UNDP Administrator, Achim Steiner. 

The poorest families are the most affected by price rises because food and energy bills make up a bigger proportion of their monthly outgoings - in some cases, twice as much. 

Liz Truss is facing brewing discontent in her party.