Is time up for the triple lock?
It’s really important to protect pensioners – but is triple lock the best means of doing so? Triple lock does not protect the poorest and oldest pensioners. Moving to a double lock to increase State Pensions, including Pension Credit, by best of earnings or price inflation would offer better protection. The Triple Lock on State Pensions was introduced in 2011 to protect pensioner incomes. Over many years, the Basic State Pension had fallen significantly behind general increases in income…