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Published on: 16/11/2021 10:48 AMReported by: editor
Despite the government suffering a heavy defeat in the House of Lords over plans to restrict increases in the state pension when Peers in the Lords voted 280 votes to 178 to back a cross-party motion to keep retirement payouts linked to earnings – a large majority of 102.
When this returned back to the House of Commons yesterday evening MP's voted 300 to 229 to not keep the manifesto promise of the triple lock for pensioners this year.
The Conservative manifesto had promised to keep the triple lock where pensioners would get whichever was highest of: 2.5%, inflation, or average wage increase.
From next Aprl pensions will only get the 3.1% rise for inflation and not 8% which was the rise in wages.
This will save the treasury £5bn.
Labour work and pensions spokesman Jonathan Reynolds said:
"Don’t they understand how low our state pension is and how many elderly people rely on this for most or all their income? Telling people in their 90s who can’t afford their heating it’s just for one year doesn’t help. They’re using the pandemic as a smokescreen to scrap the triple lock and pocket the savings."
Richard Burgon MP tweeted
Last night I voted to protect the link between earnings and pensions.
Shamefully, the Tories voted it down - breaking their commitment to the Triple Lock.
Millions of pensioners are living in poverty - yet this government is punishing them while bankers are getting a tax cut.
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No doubt which way snivelling, brown noser Moore will have voted.
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