Abandoning the 2019 Conservative Manifesto commitment to the triple lock on state pensions for the second year in a row could leave 9,715 pensioners in Cardiff Central £898.90 worse off on average, according to new analysis published today.
New analysis from the House of Commons Library, commissioned by Labour, shows that pensioners in Cardiff Central face an average cut of £407.26 in 2023/24 if the Conservatives’ manifesto commitment to the triple lock is broken again when pensions are uprated in April 2023.
The loss is even larger when considering what the state pension would have been had the triple lock not already been broken in 2022. Taking this into account, pensioners in Cardiff Central could be £898.90 worse off overall, compared to what the state pension would have been if the triple lock were applied in 2022 and 2023.
The Tories already betrayed pensioners over the Triple Lock last year. It is appalling that they are considering this once again.
They made a dangerous gamble with the economy, and are now asking pensioners in Cardiff Central to pay the price.
Pensioners can’t trust the Tories. Labour will always protect pensioners, working people, and those who need support the most.
Labour will block any attempt by the Tories to break the Triple Lock for next year.