Hyperlinks are not working on my pages. They are working fine on my posts and in the full width template but when I add one to a page, they appear as plain text (as though I have never added a hyperlink).
I confirm the error and am thankful that you reported this. It was definitely an error in the page code.
For future reference: I opened page.php and replaced the words the_excerpt() with the_content()
The function the_excerpt strips out tags like bold, italic and even links. the_content displays everything like you enter it in the post edit view.
The reason it works natively in the fullwidth template is that in fullwidth.php there was the_content() from the beginning.