UK's opposition Labour Party commits to triple-lock pension policy

Keir Starmer, leader of Britain’s Labour Party, speaks at the House of Commons in London, Britain, April 15, 2024. - REUTERSPIX: Britain's opposition Labour Party has committed to keeping for at least five years the so-called triple lock that guarantees rises to state pensions, if it wins the election, underscoring the importance of pensioners to the outcome of the vote.

Labour have held an around 20-point lead in opinion polls over Prime Minister Rishi Sunak's Conservative Party for the last nine months, but the one area where they tend to struggle is with voters over 65 years old.) told the Daily Express newspaper that pensioners needed certainty, and he would commit to retain the policy of increasing publicly funded pensions by the level of earnings, inflation or 2.5%, whichever is highest.

“That’s why I’m guaranteeing the pensions triple lock will be in the Labour manifesto and protected for the duration of the next parliament,“ he said on Sunday.The policy was introduced by a Conservative government in 2011 to prevent pensioners from falling into poverty. But the cost of the commitment has come under increased scrutiny in recent years after British inflation soared, pushing up the government bill for state pensions by an additional 11 billion pounds last year.The Labour commitment is just the latest policy from either party as the country edges towards an election that is due by Jan. 28 next year.

Sunak, in an interview with Sky News broadcast on Sunday, declined to rule out holding the election in July, when he was asked about his previous comment that it would likely be held in the second half of the year.

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Man City's Guardiola says he does not 'waste time' thinking about refsLONDON: Manchester City boss Pep Guardiola (pix) says he does not “spend one second” thinking about referees as he prepares to face Nottingham Forest ...
Source: theSundaily - 🏆 25. / 51 Read more »

Powell 'whispering in Narine's ears' for T20 World Cup returnWEST INDIES skipper Rovman Powell is trying to convince fellow IPL star Sunil Narine to come out of international retirement for their home T20 World ...
Source: theSundaily - 🏆 25. / 51 Read more »

Man Utd's Mainoo says Liverpool draw leaves 'bad taste'MANCHESTER: Kobbie Mainoo says Manchester United need to learn how to “see out games” after they were held to a thrilling draw by arch-rivals Liverpoo...
Source: theSundaily - 🏆 25. / 51 Read more »

Klopp says Liverpool target Slot in line for 'best job in world'LONDON: Liverpool manager Jurgen Klopp has told Arne Slot he will be getting the “best job in the world” if the Feyenoord boss succeeds the German at ...
Source: theSundaily - 🏆 25. / 51 Read more »

Petronas '50 Dreams' tunai impian remaja perempuan hidap kanser tulang lawat KLCCKOTA BHARU: Sempena ulang tahun ke-50 Petronas, impian seorang remaja perempuan Siti Zubaidah Zulkefli (gambar), 17, dari Kampung Air Papan, Batu Meli...
Source: theSundaily - 🏆 25. / 51 Read more »

Thomas Cup: Zii Jia ketepikan 'kegoyahan' kem perseorangan lelaki negaraCHENGDU: Pemain profesional negara Lee Zii Jia (gambar) tidak mahu terlalu memikirkan situasi kem perseorangan negara yang kurang mantap menjelang aks...
Source: theSundaily - 🏆 25. / 51 Read more »