Ian Browne, pensions expert at Quilter comments:
Many people will welcome the drop in inflation from 2.7% to 2.4% as what has felt like a suffocating squeeze on cost of living for some will ease. In particular, thanks to the Triple Lock pensioners will get an inflation-busting rise next year with the weekly state pension going from £164.35 to £168.60.
The fate of the Triple Lock has been hotly debated for years. The state pension costs the government an astounding amount and so the Chancellor is undoubtedly tempted to find a way to make a cost saving as he’s somehow has to find money to end austerity and fund the NHS.
This weekend Heidi Allen told the BBC she wanted her party to have the "political nerve" to remove the triple-lock. But she is going to be hard pressed to find appetite for that kind of nerve in the current environment. Touching the Triple Lock is politically toxic and denying pensioners their increase, would do more than rock the boat, it’s likely to capsize it.