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state pension triple lock
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- 1Andy Burnham expected to signal end of pension triple lock▼BREAKING: Andy Burnham is set to signal the end of the state pension triple lock in his conference speech tomorrow [ @Te
The Greater Manchester Mayor is set to use his Labour conference speech to signal support for ending the state pension triple lock, according to the Telegraph. The guarantee, which raises the state pension by the highest of inflation, earnings growth or 2.5%, has become increasingly costly. Any move against it by a senior Labour figure is likely to spark a row over pensioner protections within the party.
- 2Critics attack push to end UK pension triple-lock●Neoliberals want to end the triple-lock on state pension. They inflict low wages, consign millions to poverty. Govt spen
A claim circulating online argues that neoliberals want to scrap the triple-lock on the UK state pension, accusing them of keeping wages low and leaving millions in poverty. The post cites government pension spending as a share of GDP across G7 countries, showing the UK and Canada lowest at 4.7%, compared with Italy at 12.8% and France at 12%. Supporters of the triple-lock say it protects pensioners; critics say it is fiscally unsustainable.
- 3Why the UK PM could drop the triple lock pension pledge●Why the PM could finally drop the triple lock pension pledge https://www.bbc.co.uk/news/articles/c6jdvmy1287yo?at_medium
The BBC reports that the UK Prime Minister may finally abandon the triple lock, the pledge that the state pension rises each year by the highest of inflation, average earnings growth or 2.5%. Dropping the promise would break a long-standing manifesto commitment and is being debated as the government weighs pension costs against pressure on public finances.