Rishi Sunak warned ditching pension triple lock would be ‘unpopular’

The state pension triple lock currently hangs in the balance, as pensioners wait for an increase to be confirmed. While former Prime Minister Liz Truss committed to the policy, the stance of new Prime Minister Rishi Sunak and Chancellor Jeremy Hunt is unclear.However, stark new data compiled by AJ Bell has shown an overwhelming support for the policy’s reinstatement.More than two-thirds of those asked said they support an inflation-matching increase in the state pension next year.Understandably, support for an inflation-matched increase was found to be the strongest amongst older people.But in every age group asked, the majority of people backed maintaining the triple lock by increasing the state pension in line with inflation.READ MORE: 520,000 people set to miss out on state pension triple lock increase State pension: Rishi Sunak warned ditching pension triple lock would be ‘deeply unpopular’ (Image: Getty)The triple lock is a Tory party manifesto commitment from 2019, and many pensioners want to see it upheld, particularly as there is potential for a bumper increase this year. It is not yet clear whether the sum will rise, but figures have already been released which could point towards a substantial boost.Inflation in the year to September 2022 was recorded at 10.1 percent, so it is likely this measure could be used.It would take the full new state pension from £185.15 per week to £203.85 per week from April 2023 if implemented.DON’T MISSState pension triple lock may be scrapped for ‘hefty savings’ [INSIGHT]Inheritance tax victory as Hunt may leave IHT ‘well alone’ [EXCLUSIVE]Barclays issues warning after man targeted in cruel online scam [LATEST] State pension: Rishi Sunak warned ditching triple lock would be ‘deeply unpopular’ (Image: EXPRESS)What is happening where you live? Find out by adding your postcode or visit InYourArea ‘However, given the likely backlash this would generate, particularly among older voters, Jeremy Hunt may want to look elsewhere as he attempts to balance the UK’s books.’Mr Sunak was recently asked whether he would scrap the triple lock, during the G20 summit.He responded: ‘My track record as Chancellor shows I care very much about pensioners.’I can’t comment on any decisions before a financial statement, but we will put fairness and compassion at the heart of all decisions we make.’I am confident people will see that on Thursday.’