Jon Greer, head of retirement policy at Quilter, said: “Truss will struggle to balance the books if she desires to stay true to the Tory manifesto of keeping the triple lock in years to are available in light of soaring inflation and her desire to not add some other taxes and slash existing ones.
“This ultimately will throw into query how the incoming social care reforms can even be funded. Something could have to provide.
“Pensioners up and down the country will likely be hoping that it doesn’t start with the triple lock.”
Andrew Tully, technical director at Canada Life, told Express.co.uk although the triple lock is “sustainable, for now”, its future isn’t certain.