Triple lock on chopping block to pay off pandemic debt?
UK government extends furlough scheme which will reportedly cost extra £70bn
UK government extends furlough scheme which will reportedly cost extra £70bn
Brits in the EU to benefit from triple-lock until 2023, but fears annual increases could disappear
UK citizens living in Europe have condemned the British government’s decision not to guarantee the rights of EU citizens living in the UK, despite plans to maintain reciprocal healthcare rights and the ‘triple lock’ on pensions.
The UK pensions triple lock should be reviewed after a report found that typical pensioner incomes now outstrip the earnings of working age households, says Old Mutual Wealth pensions expert Jon Greer.
The UK’s pension triple-lock will “worsen the economy”, is “heavily skewed” towards baby boomers, and should be scrapped, according to the Commons Work and Pensions Committee.