, Columnist
How the UK State Pension Will Bankrupt the State
For anyone who looks at the numbers, Sunak’s £2.4 billion triple-lock-plus pension plan is icing on an utterly unaffordable cake.
Working the crowd.
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In an aging nation, you might as well appeal to old people if you want to win an election (or not lose it as badly as most people think you will).
That’s certainly what Rishi Sunak appears to believe. This week, he announced plans for what he calls a triple-lock-plus for the state pension. The triple lock has it rising every year at the higher of average wages, inflation or 2.5%. Under another Conservative government run by Sunak, it will also never be higher than the annual income tax allowance — the idea being that your state pension income is “never taxed.”