Chancellor won’t even protect lowest state pensions in the developed world

Britain pays retirees worst state pension | Daily Mail Online
Organisation for Economic Co-operation and Development (OECD)

From SNP Media:

The SNP has challenged Boris Johnson to make a cast-iron commitment to maintain the triple lock on pensions – amid reports the Treasury is planning to impose a cap.

Responding to reports the Chancellor is considering breaking the link between pensions and earnings, David Linden MP said the Prime Minister must “overrule” Rishi Sunak and make clear the Tory government will not break yet another manifesto commitment by ring-fencing the £4billion needed to fund the annual rise in pensions next year.

The SNP Shadow Work and Pensions spokesperson said the Tories must not betray their election pledges to pensioners and must do more to reverse pensioner poverty after a decade of Tory austerity and pension credit cuts.

The UK has one of the lowest state pensions in the developed world – both in absolute terms and also by comparison to average earnings. The UK also spends less on pensions, as a proportion of GDP, than the majority of OECD countries.

The UK government’s own Households below average income (HBAI) statistics show that pensioner poverty levels are on the rise, with 2.1million pensioners (18%) living in poverty after housing costs – an increase of 200,000 on 2018/19, and a 15 year high.

Commenting, SNP Shadow Work and Pensions spokesperson David Linden MP said:

“Boris Johnson must rule out this Tory threat to pensions – by giving a cast-iron commitment that the UK government will maintain the triple-lock and increase pensions in line with earnings.

“After a decade of Tory austerity cuts, millions of pensioners are living in poverty. It is essential that the Prime Minister overrules the Chancellor, and ring-fences the money needed to increase the state pension, to avoid breaking yet another Tory manifesto commitment. 

“The UK has one of the lowest state pensions in the developed world and Tory policies, such as cutting pension credit, ending the free TV licence and betraying WASPI women, have damaged older people’s interests and seen pensioner poverty rise to the highest level in years.

“Scotland will always be vulnerable under Westminster control. It’s clear the only way to keep Scotland safe from Tory attacks on pensions is to become an independent country, with the full powers needed to protect pensioners and build a strong, fair and equal recovery.”


https://www.thetimes.co.uk/article/rishi-sunak-v-the-pm-who-only-wants-to-spend-spend-spend-h6lkdslk8

‘Age UK responds to new Government HBAI pensioner poverty figures’ – https://www.ageuk.org.uk/latest-press/articles/2021/age-uk-responds-to-new-government-pensioner-poverty-figures/#_ftn1

‘Households below average income (HBAI) statistics’ –https://www.gov.uk/government/collections/households-below-average-income-hbai–2

‘OECD: UK has lowest state pension of any developed country’ – https://www.theguardian.com/money/2017/dec/05/oecd-uk-has-lowest-state-pension-of-any-developed-country

House of Commons Library: ‘Pensions: international comparisons’ – https://mcusercontent.com/4fae14f57a18ee08253ffc251/files/bd544b81-e594-d77b-43c1-680a263fa5cf/Pensions.pdf

6 thoughts on “Chancellor won’t even protect lowest state pensions in the developed world

    1. I strongly disagree! You refer to two important but very different issues. No equivalence: no contradiction in a government working on both. Each need a resolution even if hard to come by – not ducked, not avoided, not laid aside!

      And the Scottish Government is likely to face other tough, controversial issues in social and other policy areas before we win our independence. These too should be worked through our Parliament and its processes – consultation/s, committee scrutiny, plenary debate/s, votes, laying of amendments and more votes – whilst yes, also giving MUCH MORE attention to how we gain our independence and as soon as possible.

      Liked by 4 people

  1. The English government hav to pay for all those £billions of dud contracts they handed to their pals somehow, jeez. Can’t have folks lazing about after decades of hard slog now can we, unless they are already rich, and/or have masses of savings etc.
    Have a listen to young Max on YT, the Tories are mad at the working poor for getting too used to lazing about on their sofas, due to the generous furlough scheme due to end very soon.

    Liked by 2 people

  2. It’s all part of the Tory dogma as opined by Thatcher “there’s no such thing as society”.

    The Tories fought tooth and claw to prevent the Welfare State and Pensions, the NHS, rules which intruded on making a fast buck, and have been systematically and methodically dismantling them ever since, with the once principled Labour Party meekly looking on squeaking sympathy.

    The only BIG growth industry in the UK in the past 50 years has been debt, and the only way Scots will ever get to change that is via Independence and starting over…

    Liked by 1 person

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