Boost for pensioners as both Labour and Tories pledge to protect triple lock
1 year, 5 months ago

Boost for pensioners as both Labour and Tories pledge to protect triple lock

The Telegraph  

The Tories and Labour have announced that they will fight the next general election on a promise to keep the pensions triple lock. The mechanism guarantees that the state pension goes up every year by whichever is higher of earnings, inflation - which remains stubbornly high at 8.7 per cent - or 2.5 per cent. Mel Stride, the Work and Pensions Secretary, said the Conservatives will “almost certainly” commit to keeping it beyond the end of next year. Asked whether the triple lock would be in the party’s manifesto, Mr Stride told LBC: “I think we do have a particular duty to pensioners.

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History of this topic

State pension to rise by £460 near year – but experts warn of catch amid Winter Fuel Payment row
3 months, 1 week ago

State pension to rise by £460 near year – but experts warn of catch amid Winter Fuel Payment row

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} The full UK …

Rachel Reeves needs to raise billions and pensioners fear they are the target
4 months, 3 weeks ago

Rachel Reeves needs to raise billions and pensioners fear they are the target

The Telegraph  

Rachel Reeves’ decision to end winter fuel payments gave Britons a taste of who the Chancellor is likely to hit with higher taxes in her maiden Budget. When asked to define who a working person was, she declared: “Someone who goes out to work for their income.” That leaves owners of businesses and other assets and pensioners as likely targets. …

What is the triple lock plus – and what could it mean for pensions?
6 months, 2 weeks ago

What is the triple lock plus – and what could it mean for pensions?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Paul Johnson, director of the respected Institute for Fiscal Studies, has said that the …

State pension 'will never be taxed under the Tories': Rishi Sunak moves to shore up support among older generation with 'Triple Lock Plus' vowing personal allowance will rise at same rate in £100-a-ye
6 months, 3 weeks ago

State pension 'will never be taxed under the Tories': Rishi Sunak moves to shore up support among older generation with 'Triple Lock Plus' vowing personal allowance will rise at same rate in £100-a-ye

Daily Mail  

Rishi Sunak moved to shore up Tory support among the older generation today as he declared that state pensions will never be taxed. Rishi Sunak said the plan would give pensioners 'peace of mind and security in retirement' as he took questions at an event in Stoke-On-Trent today In a round of interviews this morning, Work and Pensions Secretary Mel …

Sunak’s new ‘triple lock plus’ pension pledge as Tories try to win back older voters
6 months, 3 weeks ago

Sunak’s new ‘triple lock plus’ pension pledge as Tories try to win back older voters

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} The Tories are …

What will the election mean for your pension: Is the state pension 'triple lock' safe?
7 months ago

What will the election mean for your pension: Is the state pension 'triple lock' safe?

Daily Mail  

Election under way: What pension promises will be made and will they be kept? State pension triple lock Labour and the Tories both promised before the election was even announced they would keep the state pension 'triple lock' for the whole of the next parliament. Yes No Do you believe whichever party wins the election will keep the state pension …

Government should reform ‘costly’ triple lock to free up money, OECD says
1 year ago

Government should reform ‘costly’ triple lock to free up money, OECD says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Pensioners could be set for inflation-busting state pension rise next April
1 year, 2 months ago

Pensioners could be set for inflation-busting state pension rise next April

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. As is the usual process, the Secretary of State …

Pensions triple lock: MPs canvassed for opinions on dropping manifesto commitment
3 years, 4 months ago

Pensions triple lock: MPs canvassed for opinions on dropping manifesto commitment

The Telegraph  

The suspension of the pensions triple lock appears to be moving closer after it emerged last night that Conservative MPs are privately being canvassed on their views on dropping the manifesto commitment. “It was very much an ‘if we do this, what’s your opinion,’” said one well-placed source, who suggested that the Government was now effectively conducting a “straw poll” …

Rishi Sunak suggests he could SCRAP pensions 'triple lock'
3 years, 5 months ago

Rishi Sunak suggests he could SCRAP pensions 'triple lock'

Daily Mail  

Rishi Sunak today suggested that the 'triple lock' on pensions may have to be broken this year to avoid a £3billion hit to Covid-battered public finances. The Chancellor said concerns about the Government policy are are 'completely legitimate' amid concerns state pensions may rise by 8 per cent because of the pandemic. The triple lock guarantees that the state pension …

Surging cost of pensions triple lock piles more pressure on Chancellor
3 years, 5 months ago

Surging cost of pensions triple lock piles more pressure on Chancellor

The Telegraph  

Rishi Sunak is facing fresh pressure to scrap the triple lock on state pensions after the Government's own fiscal watchdog warned that retirement payments could surge this year in a £3bn hit to the public purse. The triple-lock, a Conservative manifesto pledge, guarantees state pensions rise by whichever is highest out of consumer price inflation, earnings growth of a 2.5pc …

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