Published by Rt Hon Steve Webb MP on 11 February 2015
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Reform researcher Alexander Hitchcock wrote an article for Conservative Home, arguing that abandoning the pensions triple lock will allow the government to create a fairer and more sustainable welfare state. He argues:
“The Chancellor can never build a fair system while the pensions triple lock remains in place. Since 2011, this has increased the value of the state pension by the highest of CPI inflation, average earnings or 2.5 per cent. Whilst above inflation increases to the state pension once had the laudable goal of alleviating poverty, this approach is no longer necessary.”
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