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<p> </p><p> </p><p>The triple lock guarantee is intended to reflect the circumstances
of pensioners living in the UK. It means that for this Parliament the basic State
Pension will increase by the highest of the growth in average earnings or price increases
or 2.5 per cent, for pensioners in the UK and for those who live overseas and currently
receive an up-rated basic State Pension.</p><p> </p><p>There are no plans to change
the up-rating arrangements for UK State Pension paid to pensioners overseas.</p>
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