Sunak points out that he will keep a "triple lock" on the U.K. state pension

Tax and spending information is expected on Thursday. British pensioners got the clearest hint from Prime Minister Rishi Sunak that he will stand up to protect them from the consequences of a strong rise in inflation.

Sunak told reporters at the G-20 summit in Bali, Indonesia, that he understands the specifics of the pensioners' problem and that his solutions will be based on fairness and compassion, which will be known next Thursday.

There is political pressure on the new British Prime Minister regarding the triple lock on state pensions. It is based on annual increases in payments according to the highest of three figures - inflation, average earnings or 2.5%. If inflation reaches double digits, it will be expensive for the government, including the fact that ministers have been instructed to find ways of saving money in government departments.

Sunak's conservative party is based mostly on the old people and retirees, so his generous offer to them would be extremely appropriate.