Daily Express Political Editor Macer Hall called out Boris Johnson after he pointed out the UK has one of the worst pension schemes in Europe and said the Government had a good opportunity to improve it as they could choose to increase payments by 8 percent in line with earnings. Mr Hall accused Mr Johnson of “effectively robbing pensioners of £7 a week” after the triple lock was scrapped for this upcoming year. The PM praised the Daily Express for the campaigns run on behalf of pensioners and said he would “always stand up for pensioners” before stressing the decision is only to address an anomaly from the pandemic.
Pensions Secretary Thérèse Coffey announced for the year 2022-23 pensions would rise by 2.5 percent or inflation, whichever is higher.
The triple lock says pensions would increase each year either by 2.5 percent, earnings or inflation depending on whichever is higher.
But the pandemic has led to an artificial increase in wages which would have seen the Government paying pensioners 8 percent more – the earnings side of the triple lock.
The triple lock was therefore scrapped for this year only while the UK recovers from the pandemic.
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