Tories Promise ‘Triple Lock Plus’ for Pensioners, Guaranteeing Income

The Conservative Party has unveiled a new policy aimed at protecting the income of pensioners, known as the ‘triple lock plus.’ This policy builds on the existing ‘triple lock,’ which guarantees that the state pension will increase by the higher of inflation, average wage growth, or 2.5% each year. The ‘plus’ element of the policy would ensure that pensioners receive a tax break that would keep their personal allowance above the level of the new state pension. This move has been praised by some, but has also faced criticism from those who argue that it is unsustainable in the long term.

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