UK’s Conservatives will commit to pensions triple lock, says Hunt

Britain's ruling Conservative Party would commit to keeping the so-called triple lock for increasing state pensions, finance minister Jeremy Hunt said on Sunday, seeking to woo older voters ahead of an election expected later this year. With the opposition Labour Party holding a strong lead in opinion polls, Hunt stepped up efforts to draw a dividing line between the parties by emphasising the Conservatives' commitment to lower taxation. Under the existing pension triple lock system, the government has promised to raise publicly funded pensions by the level of earnings, inflation or 2.5%, whichever is highest.