Originally posted by mattster
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Previously on "Sunak Hints U.K. Government May Drop Pensions Triple Lock"
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Originally posted by mattster View PostThere 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.
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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?
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Originally posted by Paddy View Post
The UK state pension needs to double in order to make up lost ground.
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.
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Manifesto promise - should be automatically triggering new election with party leadership who broke promise going to jail for 10 to life
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Originally posted by xoggoth View PostEven as an old fart I don't see a good reason for this triple lock thing. Nor that annual heating allowance.
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Originally posted by xoggoth View PostEven as an old fart I don't see a good reason for this triple lock thing. Nor that annual heating allowance.
https://researchbriefings.files.parl...90/SN00290.pdf
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Originally posted by DaveB View Post
The "good reason" is that it keeps the pensioners voting Tory. Remember the hysteria over the "Corbyn will take your pension" stories at the last GE?
Vote Tory - we're bad, but it could be worse
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Originally posted by xoggoth View PostEven as an old fart I don't see a good reason for this triple lock thing. Nor that annual heating allowance.
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Originally posted by d000hg View PostThe BBC story: https://www.bbc.co.uk/news/business-57762787
So the part of the triple-lock that relates to salary growth is simply measuring the difference between date X on subsequent years, is that right?
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Even as an old fart I don't see a good reason for this triple lock thing. Nor that annual heating allowance.
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The BBC story: https://www.bbc.co.uk/news/business-57762787
So the part of the triple-lock that relates to salary growth is simply measuring the difference between date X on subsequent years, is that right? So the high salary growth is the recovery from depressed levels during Covid, e.g. if salaries fluctuated 10% up then down every 2 years this would be a recurring problem?
On that basis it makes total sense to break the lock BUT can you imagine the frothing on FB and in the news? Rishi could lose all this popularity he gained, for making an obviously sensible decision.
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Sunak Hints U.K. Government May Drop Pensions Triple Lock
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