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The government is promising a "triple guarantee" that the pension will rise each year by the highest of earnings, prices or 2.5%.
Pensioners will get a new "triple lock guarantee" of an annual increase in line with earnings, prices, or a 2.5% increase, whichever is the greatest.
There is one big exception: the basic state pension, which makes up about 30% of total welfare spending, will be uprated from next April by earnings, prices, or 2.5%, whichever is the highest.
We will restore the earnings link for the basic state pension from April 2011 with a "triple guarantee" that pensions are raised by the higher of earnings, prices or 2.5%, as proposed by the Liberal Democrats.
The annual increase in the basic state pension is now protected by what has been described as a "triple lock" – the rise is in line with earnings, prices or a 2.5% increase, whichever is the greatest.
What they say: "We will restore the earnings link for the basic state pension from April 2011 with a 'triple guarantee' that pensions are raised by the higher of earnings, prices or 2.5%, as proposed by the Liberal Democrats".
Similar(48)
Companies are ranked by ratios including price to earnings, price to book, price to sales and price to cash flow.
His valuation analysis uses multiple variables, including multiples of price to earnings, price to book and price to cash flow.
The managers seek undervalued businesses based on multiples of price to earnings, price to book and price to sales, typically in the last four years.
So we take into account things like growth in earnings, price momentum, and changes in analyst ratings.
We look at price earnings ratios, price-to-book and price-to-sales ratios.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com