UK state pension is quite small, max ~£175/week. The "triple lock" just means it's being increased annually by 2.5%, CPI or average earnings growth, whatever i

UK state pension is quite small, max ~£175/week. The "triple lock" just means it's being increased annually by 2.5%, CPI or average earnings growth, whatever is highest. There is talk about scrapping the triple lock - but it doesn't have a huge impact - difference in cost is 1% of GDP by 2060. It will be a difficult balancing act for the next couple of years, trying to bring the economy back, keep employment up and figure out how to pay for the increased borrowing as a result of the pandemic. I think large scale debt relief will be the only way out of this.