The Chancellor warned against breaking a manifesto promise amid speculation the state pension triple lock could be revised downwards
has given the strongest indication yet that the triple lock on state pensions will be honoured in full this year, suggesting he is willingAnd he pointed out that at last year’s autumn statement, when he needed to cut borrowing by £60bn, he still decided against tweaking the triple lock to make it less generous.
“To give you an idea of the priority which is attached to that particular promise – which is very, very important to a large group of people, many of whom are very vulnerable – when I was having to do some very difficult sums in the run up to the autumn statement, cutting spending by £30bn, increasing tax by £25bn, that might have been a moment where we decided we had to do something with the triple lock. We decided not to.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chancellor Jeremy Hunt confirms toughening of benefits sanctions while raising living wageWork and Pensions Secretary Mel Stride announced last month he was looking into changes to the Work Capability Assessment. Reducing welfare spending and getting people into work is part of the reason behind the plans.
Read more »
National living wage to rise Jeremy Hunt says but benefit sanctions to be increasedThe minimum amount that can be paid to most workers is set to increase to at least £11 an hour from next year
Read more »
Battle over taxes as Chancellor Jeremy Hunt set to address Tory Party conferenceChancellor Jeremy Hunt is to address the Conservative Party conference today amid growing calls for tax cuts from various factions within the party.
Read more »
Chancellor Jeremy Hunt to confirm toughening of benefits sanctions while raising living wageWork and Pensions Secretary Mel Stride announced last month he was looking into changes to the Work Capability Assessment. Reducing welfare spending and getting people into work is part of the reason behind the plans.
Read more »