New triple lock fear as pensions minister refuses to guarantee its safety

New triple lock fear as pensions minister refuses to guarantee its safety
 

Pensions Minister Damian Green said the Government would need to look at the economy before making a commitment. 
The lock ensures state pensions rise by the highest of inflation, average wages or 2.5 per cent every year. 
He said it was “too early to say” whether the Tories would commit to keep the policy in the next general election manifesto. 
Chancellor Philip Hammond used last week’s Autumn Statement to signal that it may not be immune from cuts in the longer term. 
He said: “As we look ahead to the next Parliament, we will need to ensure we tackle the challenges of rising longevity... read more

 
Sunday, 20:28 in Business, Views: 52
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