Pensioners are not the Chancellor’s cash machine – they need their promised protections
3.1% rise in State Pensions next year means a real terms cut, despite 2019 Manifesto commitments to protect pensioner. Scrapping the triple lock earnings link takes over £5billion away from pensioners next year – the Budget’s biggest cost-cutting measure. Pensioners should not be used as a cash machine to pay for spending elsewhere, such as a lower bank levy or alcohol duty, especially as we face a cost of living crisis. Tuesday’s Lords debate could stop this and ask MPs…