You are on page 1of 4

UK POLITICS

5 January 2014 Last updated at 12:11 ET

p e o n a s tC i D ' e d p o c t a r v m i 'o e d p o e g t l r n s
The state pension will continue to rise by at least 2.5% a year until 2020 if the Conservatives win the next election, David Cameron has said. The PM pledged to keep the "triple lock" system, which ensures the state pension goes up by whichever is higher - inflation, wages or 2.5%. He said it was "fair" to prioritise pensions even at a time when benefits for younger people were being slashed. Labour said it supported the triple lock "in principle".
'Dignity and security'

Mr Cameron has described the "triple lock" announcement as the "first plank" of the Conservative general election manifesto. But in an interview with the BBC's Andrew Marr Show, he rejected suggestions it was a purely political move aimed at attracting older voters back to the Tory fold. "It's a choice based on values, based on my values." he told Andrew Marr. "I want people when they reach retirement to know that they can have dignity and security in their old age. "People who have worked hard, who have done the right thing, who have provided for their families, they should then know they will get a decent state pension and they don't have to worry about it lagging behind prices or earnings and I think that's the right choice for the country." He said the government also had to do more to help young people such as increasing the number of apprenticeships. He refused to drawn on whether the Conservatives would cut back on pensioner benefits such as the winter fuel payment, free bus passes and television licences for the over 75s. The Lib Dems and Labour have both supported the pensions "triple lock" in principle but have made no commitment about whether they would keep it after the next election. Labour leader Ed Miliband said: "We will set out our plans in the manifesto for all of our tax and spending proposals. "That's the right time to do it but nobody should be in any doubt about my commitment to the triple-

Chancellor George Osborne announced in his Autumn Statement that the state pension age would increase to 68 in the mid-2030s and to 69 in the late 2040s.15 a week . Comments .a group that is more certain to vote . the basic state pension will be about £440 a year higher from next April than it would have been if it had risen in line with average earnings since 2011-12.30 a week ." 'Gravy first' Mr Miliband said he was more concerned about David Cameron's hint. Former Labour minister and longstanding poverty campaigner Frank Field warned there would have to be tax increases to pay for any "triple-lock" pledge and asked why "yet again pensioners should be exempt when everybody else is being called on. in an interview with the BBC's Andrew Marr. Mr Cameron has previously faced criticism . he said: "In the short term we've said they're not part of the social security cap.70 to £110. it rose by £2. The triple lock meant the basic state pension rose by 5. giving them confidence that their lifetime of work will be properly valued by society. particularly if they are working. As a result." The triple lock has already helped protect pensioners' incomes at a time when earnings growth has been low.5%. with children. It will rise to 66 by 2020 and to 67 between 2026 and 2028. In April 2013.the largest cash rise ever seen. He told the BBC News Channel: "Younger families.2% in 2012. you are saying to others there is less for you. and somebody is going to have to pay the taxes to foot that bill.a rise of 2." Asked whether the triple lock would be included in any welfare cap. who are hungry deserve a similar amount of dignity." added Mr Miliband. quite rightly. said: "David Cameron's commitment to the triple lock for the state pension will be warmly welcomed by British pensioners. which was higher than either earnings or inflation. which specialises in products and services for the over-50s. or £5. "If you are promising one group .including from senior Conservative cabinet members .lock on pensions.for sticking to a 2010 election promise not to cut benefits for the elderly. to make sacrifices". Obviously in the longer term we have to keep an eye on these things.. the long term forecasts for pensions. that he was hoping to be able to offer tax cuts as the economy improved and left open the door to a further reduction in the top rate of income tax." The triple lock was introduced by the coalition and means many pensions have risen by about £15 per week since 2010. "So he wants further tax cuts for the richest in our society at a time when ordinary families are facing a cost of living. But Paul Green from Saga.that they will get the gravy first..

Eliza 6 HOURS AGO +10 It is certainly necessary that those who contributed should recieve a state pension.but the CBI accuses him of putting jobs at risk. LINK TO THIS REPORT THIS COMMENT +36 983. I will have worked since uni but have no choice but to put faith in the gov and banks that I won't get screwed over. one that reflects the contributions made throughout ones working life and another basic pension for those who have idled their lives on benefits and not contributed.This entry is now closed for comments Editors' Picks All Comments 1513 1362. Semisatanic 9 HOURS AGO The problem with politicians is they all make pre election promises and as soon as they are elected they forget all about them and do what they like. DSA 9 HOURS AGO Maybe their should be two levels of pension. s ci t i l o P U K e M r o UK hooked on cheap labour . paid their taxes and deserve to retire. or being spent now.Miliband [/news/uk-25607578] Ed Miliband vows to stop firms exploiting cheap foreign labour if his party wins the next election . LINK TO THIS REPORT THIS COMMENT Comments 5 of 16 Sign in or Register to comment and rate comments Show More All posts are reactively-moderated and must obey the house rules.who wants to live in a country where the elderly suffer. blue mosaics 7 HOURS AGO To all those complaining about paying my pension: First. Blackadder star and Gove in WW1 row [/news/uk-politics-25612369] Cameron refuses TV debate challenge [/news/uk-scotland-scotland-politics-25607826] ... LINK TO THIS REPORT THIS COMMENT +96 808. I also paid for your education and health care before you started work. I contributed to it in every single pay packet I got from the age of 17 to the age of 65 when I retired. what proportion of public investment goes to the young vs the old? And I do wonder whether my taxes and NI are being put away for my old age. whoever they are? And yet. LINK TO THIS REPORT THIS COMMENT +40 737. McGaz 8 HOURS AGO It is the right thing to focus on the elderly rather than the young on benefits. all other elderly people recieve a basic pension . Second. I still have doubts about what happens when I retire in 30odd years. Not the best 2 to have to put faith in. LINK TO THIS REPORT THIS COMMENT +87 1155. & that also. The present levels of pension are a disgrace and maybe a 25% rise for three years would be more appropriate for retired WORKERS. The elderly (most of) have done their time.

BBC © 2013 The BBC is not responsible for the content of external sites. . Read more.