Sunak Hints U.K. Government May Drop Pensions Triple Lock

[mattster]

The UK state pension needs to double in order to make up lost ground.

You could say the same about tax thresholds - lots of stealth tax increases there, as the thresholds don't keep pace with inflation.
Even general pay rises, case in point being the 1% "increase" offered to the NHS workers, which is a real terms cut of about the same. There should be some rule about calling a payrise a "rise" when it is lower than the rate of inflation, and any quoted increase should be based off the inflations figure just as it is for GDP.

[d000hg]

Seems to me the 3XL in principle is good but never took this kind of corner case into account - an omission that can I think be understood. How might you design an alternative to deliver the intended result of 3XL without being vulnerable to this particular issue where salaries fall off a cliff then bounce back? Simply take it over a longer period than 1 year?

[d000hg]

There should be some rule about calling a payrise a "rise" when it is lower than the rate of inflation, and any quoted increase should be based off the inflations figure just as it is for GDP.

Increases could always be given in terms of "X% above inflation" I suppose.

[Paddy]

You could say the same about tax thresholds - lots of stealth tax increases there, as the thresholds don't keep pace with inflation.
Even general pay rises, case in point being the 1% "increase" offered to the NHS workers, which is a real terms cut of about the same. There should be some rule about calling a payrise a "rise" when it is lower than the rate of inflation, and any quoted increase should be based off the inflations figure just as it is for GDP.

There was the old trick of employers making 10% pay cut for workers, and them give them a 10% increase a few months later. However, his does not work out