Monday 4 December 2023

Tories blaming the pensioners again

 From Friday's inews:

The co-authors of the 2019 Tory manifesto said the state pension triple lock should be scrapped – but warned both Labour and the Conservatives are too concerned about the electoral damage to do so.

Rachel Wolf and Robert Colvile, who helped to write Boris Johnson’s landslide-winning manifesto, said the Tories should not maintain the triple lock pension pledge into the next election.

They argued it is unsustainable and would need reforming in some way to ease the rising cost on the taxpayer and growing generational divide.

So a former political adviser and a think-tank chief, both no doubt having built up a reasonable private pension pot, believe that the UK economy cannot sustain a decent state pension while virtually all our nation's continental rivals can. Last year's suspension of the lock put a great strain, at a time of inflation, on those people whose only regular source of income in the state pension. Scrapping the triple-lock, or even a suspension, after the general election is going to increase the hardship for old people. One notes that neither the Tory leadership not that of the Labour party will commit to retaining this progressive measure. I trust that the manifesto of the Liberal Democrats, who introduced the triple-lock in 2010, will contain that guarantee.


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