The triple lock plus is yet more handouts to wealthy pensioners

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The triple lock plus is yet more handouts to wealthy pensioners
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Bribing pensioners seems to be the only strategy the Tories have left to utilise

Rishi Sunak announced that the triple lock pension policy is going to be upgraded to the “triple lock plus”.

Of course, one of the reasons that pensioners have approached the tax-free allowance threshold is the triple-lock policy itself, which has funnelled increasing amounts of government spending into the state pension, while working-age incomes continue to stagnate. The Prime Minister claimed his triple lock plus policy “shows we are on the side of pensioners”.

It might work if we had a strong economy to sustain the growth in benefit spending, but on a per-person basis the. A road map towards economic growth that could make such giveaways sustainable should be the precursor to promises of even more welfare spending.

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