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Lord Dodds of Duncairn (DUP)

Speaking in the House of Lords on 21 January 2025

Debate

State Pension: Triple Lock

Contribution

I thank the Minister for that Answer and for her commitment to the triple lock. Does she understand the concern among many recipients of the state pension about the long-term future of the triple lock, given a number of recent developments? First, there was the appointment of a Pensions Minister who has described the triple lock as “silly”, “messy” and something that needs to be replaced. Then the leader of the Opposition said last week that her party wants to explore greater means testing of government support, which has given rise to some speculation on this issue. Many pensioners have already suffered as a result of the loss of the winter fuel allowance, which came completely out of the blue and was not in the manifesto. Given that the UK state pension level is one of the lowest in the developed economies of the world, relative to average earnings, can the Minister give a long-term commitment that the triple lock will remain as long as her party is in power?

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