Slowing pay growth triggers a smaller rise under the triple lock, but the pension is still expected to surpass £13,000 a year, reviving debate over its long-term cost.
Continued job cuts by British companies coincide with slowing pay growth, a figure that could trigger a 3.9% rise in the state pension next year, according to reporting by The Guardian.
Official figures show wage growth easing as the Bank of England weighs its next move amid a fresh cost-of-living squeeze
Official data shows earnings growth easing amid a cost-of-living squeeze linked to the Iran war, complicating the Bank of England's coming interest rate decision.