WelshGas
Retired after 42 yrs and enjoying Life.
Super Poster
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You forgot, conveniently no doubt, to mention the non-increase in tax thresholds that have clawed back some of those increases and the similar increases in other benefits to the unemployed and longterm sick nor the increase in longterm sick suffering supposedly mental health problems who are paid as much, if not more, than OAPs.Well, if I can take the Tories first. They have been running the show since 2010 and potholes have gotten progressively worse. So they’ve had their chance to fix them and haven’t done it.
Because there are 12 million state pensioners and old people tend to vote Tory more than Labour the Tories say they will keep the Triple Lock.
So Labour say they‘ll do same because 12 million is a lot of votes.
Now the State Pension costs the taxpayer £120 billion a year and since the last 2 increases were 10.1% and 8.5% thats put another £20 billion on the bill.
There is no giant state pension pot. Current taxpayers pay for current pensioners. What goes to pensioners comes from taxpayers.
So what you have is Robin Hood in reverse.
What will probably happen is Labour will get in and after a year or two they will set up a commission to look at the Triple Lock and say that they will abide by its finding. Which will be that the country can’t afford the Triple Lock.
But the Triple Lock has to stay for the next parliament as promised so the pensioners can still go to the Toby Carvery and complain about er potholes.