The government has suspended the "triple lock", the policy used to set how much the state pension rises each year.
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It follows concerns it would have produced an unaffordable rise in the next year.
What is the triple lock and how does it work?
At present, the state pension is supposed to increase each year in line with whichever of the following three things is highest:
inflation, as measured by the Consumer Prices Index (CPI)
the average wage increase
or 2.5%
This is known as the triple lock.
It was introduced by the Conservative/Liberal ******** coalition government in 2010.
In its 2019 election manifesto, the Conservative Party said it would keep the triple lock in place for the duration of this Parliament.
Why is it being suspended?
During the Covid pandemic, many people were earning less than usual because they were placed on furlough.
Now, as people come off furlough and return to full pay, this has been recorded as a large rise in average earnings - an estimated 8% from May to July 2021.
Under the rules of the triple lock, this would mean that state pensions would need to rise by a similar amount.
It is an unusual and unique situation as well as an awkward dilemma for the government. It is trying not only to pay back debts built up over the pandemic, but also to find money for its social care plan.