Tuesday, 19 September 2023

The Pensions Triple Lock Is Still Needed – Don’t Let the Tories Unpick It

THE GUARDIAN – LETTERS: Readers respond to suggestions that the Conservatives are considering plans to water down the scheme designed to enhance the state pension

Your report (Treasury officials mull one-off break from pensions triple lock, 12 September) says: “Any change to the way the state pension is calculated would be controversial because the Conservatives pledged in their last election manifesto to abide by the [triple-lock] formula.”

“Controversial” is an understatement. As recently as last month, Rishi Sunak confirmed, without any caveats and in full knowledge of the likely increase, that the triple lock would apply from next year (Sunak pledges to keep to pension triple lock despite signs of extra £10bn cost, 16 August). He even insisted he was comfortable with pensioners receiving the full annual uplift and brushed aside concerns about affordability.

If the government now backtracks on this unequivocal commitment, what does that say about Sunak’s credibility and promise to govern with “integrity, professionalism and accountability at every level”? Read more letters on the triple lock here » | Mike Pender, Cardiff | Monday, September 18, 2023