Call to scrap 'triple lock' on UK pensions after coronavirus crisis

All generations should have to help pay for massive economic cost, says thinktankCoronavirus – latest updatesSee all our coronavirus coverageThe coalition government policy that led to state pensions rising quicker than wages should be scrapped as part of an “intergenerational reciprocation” for the costs of battling Covid-19, a thinktank has said.The Social Market Foundation (SMF) proposes that the massive economic cost of the emergency measures deployed to manage the pandemic must be shared fairly between old and young, and that some of the huge anticipated government deficit could be funded by abandoning the so-called triple lock guarantee on state pension rises. Continue reading…
Via: Call to scrap 'triple lock' on UK pensions after coronavirus crisis