Casdon
You’re right PippaZ. I think it’s highly unlikely that they will even suggest means tested state pensions this parliament though, as they will alienate the majority of their voters if they do that.
I am not hoping for means-tested pensions. I was explaining what the Conservative Government said they would be doing. I would much rather have a basic income starting with pensioners. There would be a claw-back using tax from the highest incomes.
However, I am not looking at that at the moment.
By taking the third area out of the triple lock, there is one group that will set up not to benefit from "levelling-up". Levelling-up has now been defined by Johnson as making the whole of society a high-income society.
We can argue about whether we agree with that but one thing is sure, if you take the income-related part of the Tripple-lock out of the calculation State Pensions + any add-ons such as Serps, will drop further and further behind each year that the rise in incomes is above zero.
Why are the pensioners being left out? If the incomes do not go up, neither will the pensions so they are not going to be paying out money that they don't have (in Thatcher-speak). If incomes do go up then the tax take will go up.
What has he got against pensioners? That is all pensioners although my concern is for the very poorest. If he believes Pensioners are rich then tax those assets. Why punish the poorest?