Jeremy Hunt signals state pensions triple lock could be scrapped

Quite … :+1:

Millennials will get older, too … and most are still not saving for a decent pension … :man_shrugging:

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During PMQs, Truss commited to an inflation-linked pension increase

Asked about increasing pensions in line with inflation, Truss says: “I am completely committed to the triple lock and so is the chancellor”.

I remarked elsewhere that her word is irrelevant. She knows she’ll be gone soon anyway, so the inevitable u turn will be down to someone else anyway. Might as well make Hunt’ s job as hard as possible as she wends her way through her mind palace of chaos.

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I think I’ll wait until I see the increased pension payment in my Bank Account next year before I trust that there will be no more changes of policy about it!

I saw Jeremy Hunt warning us only a day or two ago that he couldn’t make any promises about keeping the triple lock - then another Government spokesman, Foreign Sec, James Cleverley said in an Interview only an hour or two before Truss went into PMQs that there was no certainty about whether or not the Triple Lock on pensions would be kept - then up pops Truss and seems surprised by the Question about it - she acted as if there had never been any doubt cast on the Pension Triple Lock promise!
Bizarre!

When it comes to Truss promises, I’ll remain sceptical until I see proof of them coming to pass!

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You misunderstand the situation, it is not that baby boomers will suddenly lose their influence but it will be a slow decline as we die out and our benefits as a massive voting block will be redirected to younger generations. While it is true Millennials will grow older they will never have same the influence as pensioners that baby boomers did purely because no one else will ever outnumber previous and subsequent generations by such a vast amount, theirs is a temporary dominance as the following generations grow up.

Baby Boomers were a massive increase in the birth rate (in schools referred to as “the bulge”) no one generation will ever have the influence baby boomers did ever again (or at least not in the foreseeable future, barring world wars, plagues etc)

You can already see this slowly emerging with, for example, the raise in pension age,

Sorry but our influence is on the wane, the benefits we enjoy will be eroded, get used to it.

I don’t misunderstand …nobody is going to live forever.
You don’t seem to grasp the fact there will always be a large older generation …the U.K. has an ageing population…
whether it be baby boomers or eventually millenniums.

Moving on …Truss has confirmed she will be keeping the triple lock
Well that’s today …tomorrow who knows :roll_eyes:

OK, well I am just glad that you are so confident that pensioners will retain the benefits handed out to baby boomers because of their large voting block.

I didn’t say that !

You didn’t need to, it is the inevitable result if what you say is so. Pollies pander to those who have the most influence in electing them. It’s a fact of life.

Re read all my comments…I have little faith like most people in Truss and her cohorts
After the chancellors comments yesterday it’s impossible to take anything said by this government for granted.

Re read my comments.

Overview of the UK population: January 2021

An overview of the UK population in 2019 (before the coronavirus (COVID-19) pandemic): how it has changed, why it has changed and how it is projected to change in the future.

The population aged 65 years and over is growing faster than other age groups

The UK’s age structure is mainly determined by trends in fertility and mortality. Generally, both fertility and mortality rates have been declining in the UK. With fewer births and later deaths the overall age structure has become gradually older.

According to the principal population projection, the population share of later-life age groups is set to increase further in future years. By 2041, the 1960s baby boomers will have aged into their 70s and 80s, and by 2069 there are projected to be an additional 7.5 million people aged 65 years and over in the UK, compared with 2019 figures. This would take the UK’s 65 years and over age group to 19.8 million people, accounting for 26.2% of the projected population.


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If you are going to look at demographics then surely UK Population by age would be a better place to start?

This clearly shows the “stub” of the baby boomers now in their 70s and how their numbers have been decimated by time and age. Clearly pollies are going to have to rethink where they distribute their largesse, the age of the baby boomer is sadly coming to an end.

The median age of the UK population has been relatively static at about 40 years for nearly a decade and while it is increasing the rate of increase is tiny compared to past decades.

Source?

Projection?

ONS/Statistica

Link?

Oh for gods sake, google it, or download the excel file from the ONS and make your own graph. Do you need spoon feeding? I’ve already told you where it came from.

Your “evidence” and “assumptions” fail to disprove the ONS extracts and projections, which I presented.

According to the principal population projection, the population share of later-life age groups is set to increase further in future years. By 2041, the 1960s baby boomers will have aged into their 70s and 80s, and by 2069 there are projected to be an additional 7.5 million people aged 65 years and over in the UK, compared with 2019 figures. This would take the UK’s 65 years and over age group to 19.8 million people, accounting for 26.2% of the projected population.

This is a forum not the United Nations, grow up. The graph I showed came from the ONS and I gave my interpretation of it, I don’t care whether you agree with it or not, it’s my opinion not just a copy and paste of someone else’s web site

But pensions aren’t just about the so-called baby boomer generation, …the Silent & X generation all have an interest.

The Xgeneration are approaching pension age often as Omah has stated without a adequate pension provision in place.
Indeed many of the 60s/70s generation have parents in receipt of a state pension. A double reason to cast their votes wisely.

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Well, yesterday Liz said we are getting it …

She may of course say the complete opposite today…

If she is still PM.

Oh dear, oh dear - as the King said…

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