Jeremy Hunt has committed to keeping the triple lock system to decide rises in the state pension if the Conservatives win the next election.
The chancellor confirmed the policy pledge, which means the increase in the state pension is the highest of average earnings, inflation or 2.5%.
Mr Hunt told the BBC he was confident the “expensive” promise would be paid for by his plans to grow the economy.
Mr Hunt told the BBC he was confident the “expensive” promise would be paid for by his plans to grow the economy.
Labour’s Anneliese Dodds did not commit to the policy when asked to respond on the BBC’s Sunday with Laura Kuenssberg show.
“We will set out those plans for our manifesto in detail,” she said.
Mr Hunt confirmed the current triple lock system to decide how much the payments rise each year would “absolutely” remain if the Conservatives win the election, which must be held by 28 January 2025.
“When we came to office if 2010, pensioners were more likely to be in poverty than other income groups, now because of the triple lock that we introduced they are less likely to be in poverty,” he told the BBC.
Jeremy Hunt has committed to keeping the triple lock system to decide rises in the state pension if the Conservatives win the next election.
Mr Hunt told the BBC he was confident the “expensive” promise would be paid for by his plans to grow the economy.
The chancellor confirmed the policy pledge, which means the increase in the state pension is the highest of average earnings, inflation or 2.5%.
Labour’s Anneliese Dodds did not commit to the policy when asked to respond on the BBC’s Sunday with Laura Kuenssberg show.
Mr Hunt told the BBC he was confident the “expensive” promise would be paid for by his plans to grow the economy.
Mr Hunt told the BBC he was confident the “expensive” promise would be paid for by his plans to grow the economy.
Labour’s Anneliese Dodds did not commit to the policy when asked to respond on the BBC’s Sunday with Laura Kuenssberg show.
“We will set out those plans for our manifesto in detail,” she said.
Mr Hunt confirmed the current triple lock system to decide how much the payments rise each year would “absolutely” remain if the Conservatives win the election, which must be held by 28 January 2025.
“When we came to office if 2010, pensioners were more likely to be in poverty than other income groups, now because of the triple lock that we introduced they are less likely to be in poverty,” he told the BBC.
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