Reeves said: “I will index for inflation on pensions accrued before 1997 in the PPF and the FAS, so that people are not left worse off by inflation.”
63% of adults said they had good financial knowledge, and more than half (56%) said they understood inflation, but 73% did not.
This comes after the ONS confirmed the Consumer Price Index (CPI) held steady at 3.8% in September, finalising the triple lock calculation.
If this rate was maintained in September, Broadstone found the new state pension would go up by £551 to around £12,524 a year from £11,973.
Maryam Eslamdoust said: "TSSA is urging the DfT to keep ticket prices affordable so that we can get people out of their cars and onto the railways.”
Three out of four (75%) said inflation and the cost of living were their top financial worries, a study from LiveCareer found.
Almost eight in 10 (78%) of SMEs said they worried about inflation and the cost of living, an increase from 69% in 2024.
ONS labour market data for December to February shows real wage growth and a rising employment rate, but vacancies have dropped for the 33rd consecutive quarter, falling below pre-pandemic levels for the first time.
Following the latest inflation announcement this morning, state pensioners are set to recieve an 'above-inflation' triple lock boost, according to Aegon.
Wages have outpaced inflation again, offering households more financial breathing room, but concerns remain over the potential for rising inflation and its impact on interest rates.
CWU members at Santander are being urged to vote in favour of an above-inflation pay deal that promises significant increases over the next two years.