Tag Archives: triple lock

Mark Valladares

26 October 2022 – today’s press releases

By Mark Valladares | Wed 26th October 2022 - 11:40 pm

Apologies for the lateness of the hour – I was trawling through my ballot paper for the Party’s internal elections…

  • Braverman appointment: Lib Dems call for Cabinet Office inquiry
  • Cancer diagnosis postcode lottery revealed as over 60,000 wait more than two weeks in August alone
  • Fiscal plan delay leaves families in a cloud of uncertainty
  • Concerns Over Welsh Government Housing Targets
  • PMQs: PM refuses to commit to 40 new hospitals
  • Scrapping triple lock would be a betrayal of pensioners

Braverman appointment: Lib Dems call for Cabinet Office inquiry

The Liberal Democrats have called for a Cabinet Office inquiry into the appointment of Suella Braverman to Home Secretary after she was sacked for breaching the ministerial code.

Liberal Democrats Home Affairs Spokesperson, Alistair Carmichael MP said:

Suella Braverman’s appointment makes a mockery of Rishi Sunak’s claims to be bringing integrity to Number 10.

There must be a full independent inquiry by the Cabinet Office into her appointment, including any promises Sunak made to her behind closed doors.

If it is confirmed that Suella Braverman repeatedly broke the ministerial code and threatened national security, she must be sacked.

A Home Secretary who broke the rules is not fit for a Home Office which keeps the rules.

Cancer diagnosis postcode lottery revealed as over 60,000 wait more than two weeks in August alone

  • 108 NHS trusts miss the two week cancer referral target (72% of all trusts).
  • Top 10 worst places for cancer referrals revealed.
  • Lib Dems call on the Government to bring forward an urgent plan to improve cancer care after NHS targets missed.

New analysis of the latest NHS data by the Liberal Democrats has revealed the worst places in the country to see a cancer specialist within two weeks after being referred by a GP.

A staggering 62,360 people had to wait more than two weeks to see a cancer specialist after a GP referral in August alone.

Despite the Government setting a target of 93% of patients seeing a cancer specialist after a referral, just 30 NHS trusts met the target. Some trusts only managed to see one third of people in time, as a post-code lottery is revealed.

The Liberal Democrats have revealed the top 10 worst places for cancer referrals in the country. Norfolk and Norwich NHS Trust is the worst, where only 34% of people were seen within two weeks of a referral.

Liberal Democrat Health spokesperson Daisy Cooper MP said:

This grim postcode lottery is a national scandal. The evidence tells us how critical a speedy cancer diagnosis is yet thousands of people are left waiting far too long. The sheer number of people anxiously waiting is completely unacceptable.

Our health services cannot be ignored any longer. The Government must prioritise resources to clear record backlogs, slash dangerously long ambulance waiting times, and solve the healthcare postcode lottery.

All we’ve had from this Government is broken promise after broken promise. It is time for real action.

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Mary Reid

The Government must protect the triple lock on pensions

By Mary Reid | Wed 26th October 2022 - 4:18 pm

Our saintly Steve Webb – the Lib Dem pensions expert who became Pensions Minister during the coalition – created the triple lock pledge on pensions. Here he is talking about its history.

And the only thing that Liz Truss did that was commendable on the economy – admittedly under pressure – was to reaffirm the triple lock in her final Prime Minister’s Questions last week.

As a reminder, the triple lock on state pensions means that they will rise by average earnings, inflation or 2.5%, whichever is the highest.

So it is hugely disappointing to realise the Rishi Sunak is refusing to commit on the triple lock, which presumably means that it is “under review” in the run-up to the Budget on 17th November.

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Colin Bloodworth

Triple lock restored but half a million miss out

By Colin Bloodworth | Tue 5th April 2022 - 12:35 pm

Work and Pensions Secretary Therese Coffey has confirmed that the government will remain committed to the state pension triple lock for the rest of this parliament, following the temporary move to a ‘double lock’ in 2022 because of pandemic distortions. 

This means that in April 2023 British state pensioners will once again receive an uplift at the highest of the rise in earnings, price inflation or 2.5%. Due to the huge increase in the cost of living this year, and depending on what this amounts to by September, the increase in April 2023 could be 8% or higher.

It may appear generous but pensioners will still have to cope with inflationary pressures for a whole year while waiting for the increase to take effect. And let’s not forget that the increase they are receiving this year will be less than originally promised by the government in their election manifesto. 

Even with the Triple Lock, the fact is that the British state pension is one of the lowest relative to average earnings among the developed countries constituting the OECD.

There is another fallacy that is overlooked even by the unions. Namely the concept of cost of living increases calculated in terms of percentages. For a low earner or pensioner with an annual income of £10,000 an increase of 8% would amount to £800 whereas a person with an income of £100,000 would receive an increase of £8,000! The tax brackets may reduce the disparity a little but it should be obvious that the system simply results in an ever-widening gap in monetary terms between the rich and the poor.

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Caron Lindsay

Lib Dems slam Government as National Insurance rises and triple lock suspended

By Caron Lindsay | Tue 7th September 2021 - 7:15 pm

Lib Dem MPs have slammed the Government for breaking two election promises in as many hours.

Today Boris Johnson and Rishi Sunak announced that they were going to pay for social care in about the most regressive way possible, by placing the burden on National Insurance. That takes in more lower paid people. The £130 it will cost for someone on £20,000 a year doesn’t sound much, but, believe me, the poorest households will feel every single penny. There were fairer ways of doing this, but you can’t expect that from a Conservative Government.

Emma Kennedy had it right on Twitter:

Ed Davey said of the plans for social care:

These broken manifesto promises are betrayals that will haunt Boris Johnson’s premiership. Whether it’s young working families, carers or small business owners, those catastrophically failed by the Conservatives during the pandemic are now being asked to pick up the tab.

The Liberal Democrats will oppose these unjust plans in Parliament tomorrow and urge all Conservative MPs to do the same. For the past two elections we have been clear about how to fix the social care crisis in a fair and progressive way. The Government must do the sensible thing and sit down with other parties to find a consensus, instead of drawing up divisive policies on the back of a fag packet.

And then we have the Lib Dem triple lock being suspended for a year. The brainchild of our Pensions Minister Steve Webb during the coalitiion years, after miserly 75p rises during Labour’s time in office, it guarantees pensioners a rise in the State Pension equivalent to the greater of average earnings, 2.5% or inflation.

Now, there will be some who will say that a rise of 8% would have been too much and unfair on the young who are bearing the brunt of the pandemic. This is where I would like to see us embrace the power of and to help both. Too many pensioners are living in poverty – 1 in 5 and most of them are women. They will feel the impact of this and not in a good way. Maybe the Government should raise pension credit by 8% to give hem some targetted support.

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Chris Perry

The Triple Lock: An 8% rise is justifiable

By Chris Perry | Fri 9th July 2021 - 10:32 am

The Government appears to have forgotten why, the predominantly Conservative, Coalition Government introduced the “triple lock” whereby the State Pension increases in line with earnings, prices or 2.5%, whichever is the greatest.

It was an attempt to reverse the 30 years of erosion since Margaret Thatcher replaced the “earnings link” with a “prices link”. And after only ten years there is a long way to go to restore the pre 1980 relative value.

Prices are about the cost of static living. Earnings are about the standard of living and quality of life. As the economy grows so too do the expectations and necessities of life. For example, very few people had fridges in 1950; it would be difficult to manage without one today.

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Colin Bloodworth

Pensioners, You never had it so good…

By Colin Bloodworth | Fri 25th September 2020 - 9:55 am

…or so some people in this government want you to think

Everyone needs to ensure they get a good pension at the end of the day. So join Lib Dems Overseas Fringe Event: Frozen Pensions to Lost Pensions at the autumn conference 1pm  on Sunday 27 September to update yourselves on the politics of pensions and campaign to safeguard your future!

For decades the UK state pension lagged seriously behind the growth in average earnings. In 2011 the coalition government introduced a formula to protect pensions against the vagaries of inflation. It introduced a mechanism to guaranteeing that the state pension would rise every year by the highest of the following:

–  The rise in average earnings

–  The rise in the Consumer Price Index

–   Or 2.5%

It was called the Triple Lock and was hailed with great fanfare.

But no-one foresaw the coronavirus and the need to spend billions of pounds to shore up the economy and protect jobs.  Where would money to pay for it come from? One soft target identified is – you guessed it – the Triple Lock. The rationale is that earnings and prices this year could fall, yet pensioners would still get the 2.5%. Then, the following year pensions could surge in line with fast-rising earnings.

But those who think that our pensioners are spoilt are probably unaware of the fact that in 2019 the OECD provided data showing that the UK state pension was the worst in the developed world, paying only 29% of average earnings. By comparison, the Netherlands led the table at 100%. Mexico was closest to the UK at 29.6% while the average across the OECD was 62.9%.

What about occupational pensions?

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Colin Bloodworth

End of Triple Lock in sight? Why half a million pensioners are not concerned!

By Colin Bloodworth | Mon 13th July 2020 - 3:42 pm

In 2011 the coalition government introduced a formula that would ensure that state pensions would henceforth be automatically protected against the vagaries of inflation. They introduced a so-called triple lock which would guarantee that the state pension would be increased every year by the highest of the following:

  • Average earnings
  • Price inflation as measured by the Consumer Price Index
  • 2.5%

Successive governments have honoured this formula (which produced an increase of 3.9% for pensioners in April this year) and the conservative manifesto in 2019 promised it would be maintained for the following five years.

But then came the coronavirus!

This has heaped a heavy financial toll …

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The Voice

Tories try to take credit for Lib Dem Steve Webb’s Pensions Triple Lock

By The Voice | Wed 25th February 2015 - 4:33 pm

As the election campaign hots up, all the parties are emailing those who have signed up to their email lists on all sorts of issues.

In the past few days, we’ve seen one from Harriet Harman admonishing the recipient for not responding to Labour’s opinion survey. It had one question, basically “Are you voting Labour?” There wasn’t even a “maybe” option.

We’ve seen a missive David Cameron (or his digital equivalent) has emailed to his distribution list to take credit for the pensions triple lock. The wording looks like it’s been copied and pasted from a Liberal Democrat equivalent.

Now, everyone knows that that was Liberal Democrat pensions guru Steve Webb’s idea. If you look in the 2010 Tory manifesto, you see a commitment to restoring the link to earnings, but that’s about it.

In contrast, this is what the Lib Dem manifesto had to say:

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Gareth Epps

Opinion: Why it is wrong to enshrine the “triple lock” in law

By Gareth Epps | Wed 2nd July 2014 - 10:29 am

pensionsOne of the now regular flow of “policy announcements” from the leadership calls for the 2010 ‘triple lock’ to be enshrined in law.  Passing for a moment over the fact that these “announcements” are of course nothing of the sort and discourteous to Conference which passes policy, (though, to be fair, as Mark Pack and others have pointed out, Steve Webb has been careful to avoid language some others have used that suggests these policies have been agreed without the party having a say), I think it’s the wrong idea.

Why? …

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Steve Webb MP

Steve Webb writes… Lib Dems will write the pensions ‘triple lock’ guarantee into law

By Steve Webb MP | Sun 29th June 2014 - 8:30 am

webb 01For decades, successive Labour and Conservative governments allowed the state pension to decline after Margaret Thatcher broke the ‘earnings link’ in 1980. The nadir of this was in the Labour years, when Gordon Brown increased the state pension by just 75p a week.

I was determined that the Liberal Democrats would do something about this appalling situation. In our manifesto in 2010 we campaigned on a ‘triple lock’ guarantee. This was a commitment that the pension would rise by whichever rating was highest in each year – by earnings, prices …

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Nick T

Interview: Nick Clegg on the economy, welfare, Cleggism and the “superb” Kung Fu Panda films

By Nick T | Mon 24th June 2013 - 1:02 pm

CleggWe brought you a taste of the Voice’s exclusive interview with the deputy prime minister yesterday. Here is the full interview, covering the economy, welfare reform, pensions, Cleggism, our approach to the manifesto, Kung Fu Panda and Clegg’s cooking.

Nick Thornsby: What’s your take on where the economy is now, three and a bit years into the coalition?

Nick Clegg: My overall assessment is that it is healing. There are signs of confidence slowly seeping back into the sinews of the economy. Some of the latest data on consumer confidence are better …

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Caron Lindsay

Pensions, the triple lock and Scottish independence

By Caron Lindsay | Wed 19th June 2013 - 11:55 am

Steve Webb has come under a bit of fire for comments that his triple lock, which guarantees a state pension rise by the higher of earnings, inflation or 2.5% can’t be guaranteed after the election. Let’s look at what he actually said to the Financial Times.

My view is it should be triple lock; to be absolutely clear, I would want to see that continue. But we, as a party, will have to thrash that one out.

He made clear that this would be something that all parties would have go deal with.

This is pretty much a statement of the obvious. …

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Stephen Tall

Well done, Ed Balls. He’s opened up space for a proper welfare debate. Lib Dems now need to claim that space.

By Stephen Tall | Mon 10th June 2013 - 3:45 pm

Ed Balls has done us all a favour. His announcement last week that if he were Chancellor he would put a stop to winter fuel allowances for well-off pensioners means Labour has joined the Lib Dems in saying we need to focus the welfare budget where it’s needed most, not keep on re-distributing from the worse off to the better off in the name of universalism. It’s why I chose him as my 38th Liberal Hero.

And yesterday he was at it again, highlighting quite how much of the welfare budget the state pension represents — some £74 …

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Ian Swales

Ian Swales MP writes: 12 CUTS Labour don’t talk about

By Ian Swales | Fri 30th December 2011 - 12:30 pm

The Labour party think they can win the economic argument by just wailing about cuts on behalf of their public sector union paymasters. They give no credible alternatives for what they would do about Britain’s economic crisis.

What they also like to ignore is some of the changes that are being made towards making this country fairer. Here is a list of cuts WE should be talking about because they are mostly happening through Lib Dem action and pressure.

  • The CUT from £250,000 to £50,000 in the maximum annual pension contribution to receive tax relief – clawing back a staggering £4,000,000,000 (£4bn) that Labour was giving to the rich.
  • The

…

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Mark Pack

The party strategy debate: rolling highlights

By Mark Pack | Sun 13th March 2011 - 10:05 am

Note: If you’re catching up with this post after it was published, read it from the bottom up.

Final result – both amendment and motion passed overwhelmingly. The overall tenor of the debate was more good natured than might have been expected – people did not take the opportunity to express any unhappiness in strident tones, and the party being in coalition with the Tories until 2015 was accepted and expected, explicitly or implicitly, by all speakers. Tuition fees and NHS got mentions, but brief ones. Norman Lamb’s comments about the health debate (see below), however, were unexpected and welcome.

James Gurling, …

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Mark Pack

Tom Baldwin and the “triple lock”: you could have read it here Tom

By Mark Pack | Fri 12th March 2010 - 2:12 pm

Today Tom Baldwin in The Times reports on its exciting persistent investigative journalism into the party’s “triple lock” rule for deals with other parties:

The exact wording of this rule, disclosed only after repeated inquiries to Liberal Democrats headquarters this week, sets a high bar for clearing “any substantial proposal which could affect the party’s independence of political action”.

A pedant would point out that it was “disclosed” here back in November. Then it was Steve Richards I took to task (for calling the rule – which was debated in public at party conference – “secret”).

Perhaps you should add us …

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Stephen Tall

5 reasons Nick Clegg should rule out a coalition now

By Stephen Tall | Wed 10th March 2010 - 8:45 am

With most polls showing the next election could result in a hung parliament, there has been various speculation about what the Lib Dem position would be. I think it’s time for Nick Clegg to make an unambiguous statement that the party would not enter a coalition with either Labour or the Tories. Here are my five reasons why Nick should spell this out clearly and simply now …

1. A coalition is a non-starter, so let’s just rule it out now

It’s quite simple: the majority of party members will not for a single moment entertain the idea of a coalition with …

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Mark Pack

Since when is something debated in public, in front of journalists called “hidden”?

By Mark Pack | Thu 26th November 2009 - 9:20 am

Since yesterday, in fact. Because in an otherwise thoughtful piece on hung Parliaments in The Independent, Steve Richards made this comment:

If there is a hung parliament there will almost certainly be no formal coalition government, even if Nick Clegg and Vince Cable would like to join one. Clegg is trapped by what is known as his party’s “triple lock”, a hidden rule that might become of vital relevance. Before entering a coalition he is bound to secure the agreement of his MPs, other national representatives and the membership.

Credit to Steve Richards for knowing about this rule. But “hidden”? It …

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Stephen Tall

That hoary old Hung Parliament chestnut

By Stephen Tall | Tue 17th March 2009 - 8:38 pm

There’s an interesting article by The Independent’s Steve Richards today, focusing – as the media does every three months or so – on the prospect of a ‘Hung Parliament’, and what the Lib Dems would do in such an eventuality.

Actually the article’s a bit broader than that, and I can’t let the opportunity pass without briefly digressing to agree wholeheartedly with his snipe at the Tories’ two key initiatives of the past week: David Cameron’s ‘apology’ for failing to anticipate the economic crisis until way too late (Steve accuses the Tories of “still playing student-like games”); and yesterday’s …

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