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Main Discussion

Pension triple lock
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minkie
Posted - 21 April 2017 18:24
This will interest you Anna
Today Teresa May stopped short of pledging to continue with the pensionner tripple lock. She said it had been very succesful in the past in bringing pensionners out of poverty. I suspect she thinks the job is now done and it should stop.

Jezza on the other hand is all for it. Go Jezza! Suits him I guess.
Abbeywell/NSA
Posted - 21 April 2017 18:31
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You know what is going to happen they will keep the pension triple lock right up till about 2 yrs before I retire then abolish it

I just know the knhust will do that and raise the retirement age to 70
minkie
Posted - 21 April 2017 18:34
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Well if they do it will be so far ahead of workers' pay by then you will be rolling in it
It isnt needed for ever.
pancake humper
Posted - 21 April 2017 18:40
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Today the Tories have hinted that they'll raise taxes and ditch the triple lock pension, while pledging to maintain the foreign aid budget.

Fine by me, but they're certainly pretty confident about how this election is going to go.
Abbeywell/NSA
Posted - 21 April 2017 18:48
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minkie- I would not be surprised if they they will cut it as well but they time I get to retire
Anna is voting Lib Dem
Posted - 21 April 2017 18:48
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They will probably keep it until enough pensioners have popped their clogs that they need to appeal to a younger demographic or risk extinction. Then they'll abolish it.
Abbeywell/NSA
Posted - 21 April 2017 18:51
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If medical science keeps going the way it is, that will be in another 30 years
sporting_zucchini
Posted - 21 April 2017 18:54
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By 2020 there is a strong chance that RPI will be above 2.5% and rising as a direct result of the combined effects of Brexit, Sterling's slide, and QE. In that case, abolishing the triple lock will save the Treasury zilch, yet it will enrage the pensioners whose votes T May needs. That is not a sensible pledge.

Minkie - how could the state pension (£8k max) be ahead of worker's pay (£26K average) if it increases by the greater of increased average earnings percentage, RPI or 2.5%? Simple arithmetic says this is impossible for many years even if average earnings are stagnant. Which they aren't.
Abbeywell/NSA
Posted - 21 April 2017 18:55
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'even if average earnings are stagnant. Which they aren't. '

Yes they are
sporting_zucchini
Posted - 21 April 2017 18:56
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Also even according to Labour there are still 1 million pensioners in poverty. Some way still to go before the triple lock ends pensioner poverty.
🐝 buzz
Posted - 21 April 2017 20:11
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The triple lock. Heh. Very attractive to those who promised themselves a lot and sent the bill to anyone under 65.
Bert Weedon
Posted - 21 April 2017 20:36
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Zactly
Osama
Posted - 21 April 2017 20:39
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also its totesridic my rents get a free tv licence, bus pass, winter fuel alowance
Bert Weedon
Posted - 21 April 2017 20:50
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Is it?
Osama
Posted - 21 April 2017 20:51
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it shd be means tested
they can afford them
Bert Weedon
Posted - 21 April 2017 20:54
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So can loads. It's just a de minimis for the middle class tho no?
Osama
Posted - 21 April 2017 20:56
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of course loads can

im all for the little old ladies getting them
Colonel Pantyfloofle
Posted - 21 April 2017 20:57
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Yeah I think we should pay pensioners £26k pa index linked to the greater of the increase in the ftse 100, the gold price, house prices, Chinese GDP and 7%. That'll solve everything.
Bert Weedon
Posted - 21 April 2017 20:58
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A lot of them give it all to their kids.....
Hodge
Posted - 21 April 2017 23:49
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They give their free bus pass and TV licence to their kids?

Anyway, this is all irrelevant because tomorrow jezza is going to unveil tomorrow that the state pension will be pegged to the total average remuneration package of FTSE 100 chief execs. He will also announce that the highest paid member of staff in any company cannot earn more than 1.3 times the salary of the company's lowest paid member of staff. It's a master stroke.

All together now comrades "ARISE YE WORKERS FROM YOUR SLUMBERS...'
Ukiyo-e
Posted - 22 April 2017 01:13
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It's not your fault Hodge. The capitalists have hurt you. Let it out.
Bert Weedon
Posted - 22 April 2017 07:08
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They give their kids the cash they save. Doh.