london sept 7 reuters  britain will not raise state retirement pensions in line with earnings next year but will instead increase them by the rate of inflation or 25 whichever is higher work and pensions minister therese coffey said on tuesday coffey told parliament she would introduce legislation to override a “triplelock” formula which would have seen state pensions rise by 8 or more next year due to an “irregular statistical spike” in earnings caused by the covid19 pandemic “for 202223 it will ensure the basic and new state pensions increase by 25 or in line with inflation which is expected to be the higher figure this year” she said reporting by david milliken editing by william schomberg