Labour will protect state pension as Tories fail to commit to Triple Lock
Labour is committing to protect the incomes of twelve million pensioners by legislating to keep the ‘triple lock’ .
On the Tories’ watch 300,000 more pensioners are in poverty, yet they have failed to commit to the ‘triple lock’ on state pensions; a policy which protects pensioners’ standard of living by guaranteeing that their incomes rise to meet the cost of living.
The Tories are abandoning older people.They are failing to guarantee a decent standard of living for older people, they cut £4.6 billion from social care budgets over the last parliament and they have failed to protect the NHS.
A Labour Government will protect pensioner incomes by legislating to keep the Triple Lock on state pensions over the lifetime of the next parliament, and committing to keep the Winter Fuel Allowance and free bus passes.
Labour’s commitment means that state pensions will be uprated by the higher of average earnings, inflation or 2.5 per cent.
With more pensioners in poverty under the Conservatives, it is clear that a Labour Government is necessary to provide a secure and dignified retirement for the many who have contributed all their lives.
Labour will build a Britain for the many not the few.
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