Scrapping triple lock could hammer over 22,000 pensioners in Hinckley and Bosworth with income cut

7 Nov 2022

The Conservative government's threat to scrap the triple lock on pensions would cost pensioners in Hinckley and Bosworth a colossal £9,204,428 new analysis by the Liberal Democrats has found.

The broken Conservative promise would hit 22,603 local pensioners, who would lose an average of £407 each a year if pensions were uprated with earnings rather than inflation.

This makes Hinckley and Bosworth one of the top 100 areas in the country that would be hardest hit if the pensions triple lock was dropped.

The threat comes amidst the highest price rises in 40 years, and despite a Conservative manifesto promise at the last election to keep the triple lock in place.

The Liberal Democrats have accused the government of "flip flopping" on the issue and said dropping the promise would risk plunging pensioners in Hinckley and Bosworth into poverty. The party is calling for both pensions and benefits to be up-rated in line with inflation to protect vulnerable families and pensioners.

Commenting, Hinckley Lib Dem Councillor Michael Mullaney said:

"This Conservative government is flip flopping every week on pension cuts, leaving elderly residents in limbo and fearful for the future.

"Many local people I speak to are worried about the damage that a failure to uprate pensions could inflict. If the Conservative abandon their manifesto promise it risks plunging vulnerable pensioners into poverty, here and across the country.

"The Conservative record of saying one thing and doing another is just not good enough. Pensioners should not have to pay the price for the Conservative government's' economic mess and mismanagement.

"Why is the Prime Minister not providing the reassurance that so many are crying out for? It seems he just doesn't care and is taking pensioners in places like Hinckley and Bosworth for granted.

"Liberal Democrats want to see both benefits and pensions uprated in line with inflation so that no one is left cold or hungry this winter. Pensioners and the most vulnerable in our society must not be abandoned by this government.

"Meanwhile on October 19th this year Bosworth's Conservative MP tweeted online saying he had helped make sure the Triple Lock for pensioners was protected.

"The more than 22,000 pensioners in Hinckley and Bosworth who receive the Pension Triple Lock will expect our Tory MP to keep his word on this. Having told people he had helped keep the Triple Lock they will expect him to oppose the government if it now tries to take away the Pensions Triple Lock.

"If necessary he should resign from his role as a ministerial bag carrier and put local people before his career. Local pensioners will not forgive him if he now breaks his word and votes to scrap the Triple Lock on pensions."

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