Bad time to pinch from pensioners

PENSIONERS of the nation unite: you’ve nothing to lose but your triple lock! Make no mistake, despite the squeamishness of politicians on all sides to tackle the issue of the future security of the triple lock and their stubborn refusal to answer the most simple of questions as to whether or not they would support it in the future, the debate is a ticking timebomb for all.

- NICK FERRARI

The lock works by guaranteeing the state pension will rise by the highest of three indicators; earnings growth, the rate of inflation or 2.5 per cent.

While the Government insisted last week it was committed to maintaining it through this parliament, they were unable to say whether it will form part of the manifesto for next year’s general election.

Indeed a man who would seem to be well placed to know what actually is going on, Work and Pensions Secretary Mel Stride, conceded it was “not sustainable” in the long term.

Labour fared little better when deputy leader Angela Rayner refused to commit Labour to supporting it by saying “we’re in a very different place” to the last general election in 2019.