search
triple lock
Trends
- 1Critics 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.
- 2Why 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.