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Mmastodon WorldPolitics first seen 4 h ago, last 4 h ago, peak #3

Faisal Islam: UK triple lock change is a gamble

Original: Faisal Islam: Triple lock move is significant, but it's a gamble https://www.bbc.co.uk/news/articles/cwp93d078j8no?at_me

The BBC's economics editor Faisal Islam says the UK government's move on the state pension triple lock is significant but carries political and fiscal risk. The triple lock guarantees pensions rise by the highest of inflation, earnings growth or 2.5%, and any change to it affects millions of pensioners. Islam frames it as a gamble because of the policy's cost and its sensitivity among older voters.

Why now: The government has made a new announcement or change on the pension triple lock, a politically sensitive issue for pensioners.

Faisal IslamBBCUK governmentstate pensiontriple lock

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