Why Andy Burnham’s Push to Scrap the State Pension Triple Lock Faces Questions Over Savings

Описание: Claims that scrapping the state pension triple lock would deliver major savings are being challenged by the argument that the policy would do little to address the government's wider financial pressures.

The Government Actuary has estimated that ending the triple lock could save around £2 billion by 2030-31. But the scale of the saving would depend on what replaced it. If the 2.5 per cent minimum increase were removed while pensions continued to rise with w

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