‘Made promise on pension triple lock!’ Stayt skewers Sunak 'wont work, you're wriggling!'
State Pension triple lock sees the sum rise each year by the highest of three components: prices, earnings or 2.5 percent. However, with millions getting back into work, wages data has been somewhat warped, with the Office for Budget Responsibility (OBR) suggesting payouts could rise by as much as eight percent from April 2022. This has led many to ask whether the policy is still feasible, and how much the Government would be able to afford.
The matter was raised today when the Chancellor made an appearance on BBC News, where he was asked about the potential for an increase.
Presenter Charlie Stayt referenced concerns about the state pension increase which is set to kick in from April 2021.
He drew in another decision being made by the Government – to remove the £20 temporary uplift to Universal Credit from the autumn.
Mr Stayt questioned: “Is it fair that the state pension could go up by up to eight percent, while you are taking away money from Universal Credit. Is it fair?”
READ MORE: ‘It is fair!’ Business Secretary says pension triple lock will remain
