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Basil🧡
@LinkofSunshine
I feel like no one comprehends how insane the triple lock system is The cost of the triple lock of the British pension system may very well surpass British GDP during the time that I’m alive
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Sir Alec Shelbrooke MP
@AlecShelbrooke
It would be wrong to scrap the pensions triple lock to cover the cost of spiralling welfare. Pensioners on fixed incomes shouldn’t pay the price for a broken system.
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Basil🧡
@LinkofSunshine
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Tom Harwood
@tomhfh
Replying to @tomhfh and @AlecShelbrooke
This year, however - as with most years - the triple lock hasn't relied on the 2.5% minimum. It grew by 4.1%. This is what that looks like long term.
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David Watson 🥑
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henry
@leap_dog
it wasn’t introduced necessarily as some long term measure. it was about bringing pensions in the uk in line with those in europe (which it is still below many comparable countries). the state pension in the uk was effectively frozen by thatcher.
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Gatko Muc
@GatkoMuc
Is that even possible? Like, where the hell does most of that money go if not back into the UK economy? It’s probably not great policy, and definitely not sustainable in the long term, but how could it ever end up costing more than the UK’s entire GDP?
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kiteless
@fightuntil
No, it won't because things that cannot go on forever will stop. But people in the UK should probably ask themselves just how hard and painful a stop they want that to be.
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