TUC – suspending triple lock will hurt old and young alike

Responding to the government’s decision today (Tuesday) to suspend the triple lock on the state pension for one year, TUC General Secretary Frances O’Grady said:

“The UK has one of the least generous state pensions in the developed world.

“The triple lock was introduced to close this gap and lift pensioners out of poverty. Suspending it will only halt our progress.

"This is a dangerous precedent. If the government is allowed to pick and choose when to apply the triple lock, the result will be lower state pensions for future generations and more pensioners experiencing hardship.

“This decision will hit old and young alike. A race to the bottom on pensions helps no one.”

ENDS