Gosling's Grouse: Triple lock conundrum

clock • 2 min read

There was the ominous ringing of the latest death knell for pensions when the end of the 'triple lock' was floated recently.

The government quickly restated its manifesto commitment which guaranteed it until 2020, effectively the current Parliamentary session. This makes sense because if Brexit looks nasty from a political perspective then there would be double trouble abandoning the guarantee during the same timeframe as we exit the European Union. If you were reading something extra into the re-commitment to the 'lock' it might be that it suggests the government is not going to try calling a snap election. There is no doubt the current guarantee of increases to pensioners' state retirement income costs...

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