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11th October 2021
After much speculation, in September, the Secretary of State for Work and Pensions, confirmed suspension of the average earnings component of the pension triple lock, to avoid a disproportionate rise of the State Pension following the pandemic. For the 2022-23 tax year only, the new and basic State Pension will increase by the higher of either 2.5% or the consumer
rate of inflation.
Here is our weekly round up of last week's news for business. To read more head to our website!… https://t.co/i6eJLCygBm
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