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Govt ducks the question on state pension triple lock

Prime Minister Theresa May and Chancellor Philip Hammond have both refused to commit to maintaining the state pension triple lock as the election campaign gets underway.

The Daily Mail reports at a campaigning event in her Maidenhead constituency, May avoided giving a firm answer on whether the triple lock, which sees pensions rise by wages, inflation or 2.5 per cent, will be kept if the Conservatives hold on to power.

Asked to commit to the triple lock, May said: “What I would say to pensioners is just look what the Conservatives in Government have done.

“Pensioners today are £1,250 better off as a result of action that has been taken.

“We were very clear about the need to support people in their old age, and that’s exactly what we’ve done.”

The Chancellor went further, according to the Financial Times.

Speaking on a visit to Washington last week, Hammond said: “We said back in the Autumn Statement we would review these issues before the next election . . . that is the right thing for us to do and we’ll set out our position in the manifesto.”

He caused a stir among fellow Conservatives by suggesting the party’s pledge not to increase income tax, national insurance or VAT “constrained the ability of the Government to manage the economy flexibly.”

Hammond was later forced to issue a clarifying statement that the Conservatives would always be “the low-tax party.”



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Labour commits to keep state pension triple lock until 2025

Labour has pledged to uphold the state pension triple lock until 2025. The commitment comes on the back of Office for National Statistics figures earlier this week showing that pensioner incomes rose significantly more than working population households since the financial crisis. Pensioner incomes have risen 13 per cent since the financial crisis, compared to […]

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There are 5 comments at the moment, we would love to hear your opinion too.

  1. Hammond was later forced to issue a clarifying statement that the Conservatives would always be “the low-tax party.”
    Clarity? Oh yes, low tax for their friends.
    Be prepared for the return of the increased NI contributions for the self employed (without the extra benefits that employees get) and other taxes that will hit middle and and working classes but not companies, because they create jobs (low paid ones) while the CEOs cream off the profits, and cuts that will hit the poor and the NHS, which is slowly being privatised by the likes of BUPA and Branson (who makes out that he’s Robin Hood).

    • Indeed, we will see what happens, but when you have Labour and the Lib Dems utterly unelectable, the Tories being the party to make sure the “elite” remain nicely looked after, the options become limited. UKIP are an option, but they seem to be intent on fluffing the ball when they have an open goal… it’s quite a sad state of affairs really.

      • Although I appreciate the concerns over Corbyn, which is the main reason people won’t want to vote Labour, they do have some good policies and Corbyn is just not very good at getting them across. I try to ignore his lack of presence though. Possibly a hung parliament is the best I can hope for but an increased Conservative majority will be a disaster for the country. You just can’t trust any of this particular bunch.

  2. It’s not just the Conservatives who look after their own – every single party has its own skeletons, people to whom they give special favour at some point down the line and it is naïve to think otherwise. The old mafia saying that “one hand washes the other” is so true! Think of ‘champagne socialists’ then look at Corbyn’s Labour cabinet, his special advisers and Momentum leaders and see to how many that term applies. The Lib Dems are no better and as for the SNP, well George Orwell nailed them long ago!
    Regardless of the political spectrum, May had no choice but to call an election as the ‘remainers’ were doing their level best to create as close to a hung parliament as they could. In negotiations, if one side looks divided, then it is immediately at a huge disadvantage; if the ‘remainers’ had been circumspect they could have still had significant influence but they chose to grandstand, to seek sound-bites far too often. It is most likely that Macron will win in France and he has made it clear that he wants the EU to be very aggressive in the Brexit talks so I cannot see how May’s decision can be faulted especially as all those parties who were complaining that she had never been elected as PM was going to the country to do just that! They are all opportunistic wimps!!

  3. Auto Enrolment the Governments Pension Ponzi Scheme – for Tax Raising powers and return of tax given with one hand and taken by two hands of George Osborne and his mates. This is the Governments Pension Freedoms and 45 % Tax Charge

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