Letter to the South Wales Echo on Lib Dem pensions triple lock guarantee

June 30, 2014 3:29 PM


Dear Editor,

The Liberal Democrats want to build a stronger economy and a fairer society for all ages.

At the last General Election the Liberal Democrats promised to introduce 'the triple lock guarantee', which re-established the link between pensions and earnings. It was a key promise when we negotiated with the Conservatives to set up the Coalition Government, and we have now delivered it in Government. As a result pensioners in Cardiff are guaranteed an annual rise by whichever is the highest of earnings, prices or 2.5%. Thanks to the Lib Dem 'triple lock' the state pension is £440 more per year now than if it had increased in line with earnings since the start of this Parliament.

The Liberal Democrats have now promised to make this 'triple lock' law, to protect pensioners in the years ahead.

For too long the state pension has been left to decline by both Labour and Conservative governments. The Tories broke the link with earnings in 1980 and in 2000 Labour gave pensioners an insulting 75p rise. Liberal Democrats in Government have changed all of this, and by making the 'triple lock' the law we are securing a fair future for Britain's pensioners.

Yours sincerely,

Jenny Willott -signature

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