(UK, finance) A policy whereby the state pension is increased every year to match either price inflation, earnings growth, or a third fixed rate, whichever is highest.
He refused to rule out changes to the pensions triple lock and said a new windfall tax on energy profits was on the table.
“As a pensioner I think the triple lock should be abolished and replaced with a single lock based on average wage increase. But I'd like to see an increase in benefits for those with no other pension. Also student loan interest capped at bank rate.”
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Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
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(Ireland, informal) The requirement for approval by the Irish government, the Dáil (parliament), and the United Nations prior to any overseas military action by Irish defence forces.
He refused to rule out changes to the pensions triple lock and said a new windfall tax on energy profits was on the table.
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