'Increase state pension by £500!' Pensioners demand compensation for 'triple lock losses'

HomeBusiness

'Increase state pension by £500!' Pensioners demand compensation for 'triple lock losses'

Older Britons are also reckoning with the temporary suspension of the triple lock, which would have increased the sum by eight percent. But due to

Putin's troops 'targeting hospital' in Ukraine as invaders 'increase shelling on homes'
Painkillers: Two drugs that 'increase the odds' of internal bleeding by 75% when combined
How to lose visceral fat: The drink which can help 'increase your metabolism' – weight


Older Britons are also reckoning with the temporary suspension of the triple lock, which would have increased the sum by eight percent. But due to concerns about lack of affordability, the mechanism was reduced to a double lock, and the state pension set to increase by 3.1 percent in April. However, many pensioners are frustrated about the latest updates on their sum.

This is particularly the case amid rising inflation, with the Office for National Statistics (ONS) showing the Consumer Prices Index hit 5.4 percent in the 12 months to December.

Indeed, fuel prices are also set to soar, creating issues in the colder months. 

Consequently, a petition has called for action to help and protect pensioners financially this winter.

It has been posted on the Parliament website and is entitled ‘Increase the basic state pensions by £500 a year as an emergency measure’.

READ MORE: State pension triple lock scrap means pensioners face ‘life or death’

At the time of writing, the petition has garnered some 10,341 signatures in total.

This puts it above the 10,000 signatures needed for a Government response, which is expected imminently.

At 100,000 signatures, petitions are considered for debate in Parliament.

Recently, Express.co.uk readers made their opinions known regarding the temporary scrap to the triple lock.

User OneTimeTory said: “Boris and Sunak have just about destroyed the Conservative party.

“Their vicious attack on their older core voters is unbelievable and will probably either see the breakup of their party or see it out of office for decades.”

Wizard52 wrote: “Pick on the most vulnerable in society – i.e. pensioners by a lock freeze. Why not increase tax for the rich in society? They can afford it.”

And Mark27 said: “I voted Tory for the first time and part of that was because of Boris’ promises on pensions, Northern Rail and levelling up. All have been broken, as will be my vote next time.”

A DWP spokesperson told Express.co.uk: “We want pensioners to receive all the support to which they are entitled. Our winter fuel payments are supporting over 11 million pensioners with their energy bills and we are continuing to encourage those eligible for Pension Credit, and the wide range of other benefits it can provide, to make a claim. 

“The one-year move to temporarily suspend the triple lock ensures fairness for both pensioners and taxpayers. Combined with last year’s 2.5 percent increase to pensions – a step we took when earnings fell and inflation barely rose – we have ensured pensioners’ incomes have been protected.”



COMMENTS

WORDPRESS: 0
DISQUS: 0