Labour pledges to keep pensions triple lock

Labour pledges to keep pensions triple lock
 

Labour says it will keep the "triple lock" protecting the state pension throughout the next Parliament.
Pensions currently rise by the highest of inflation, average earnings or 2.5%.
There have been warnings over the cost of the lock, and the government says it will review it after 2020.
Shadow Treasury minister Rebecca Long-Bailey said this caused "uncertainty and worry", pledging to protect it "throughout the lifetime of the next Parliament", due to end in 2025.
Speaking during Treasury questions in the Commons, Chancellor Philip Hammond said it was... read more

 
29 November 2016 in Politics, Views: 37
Source: BBC
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