The end of the Triple Lock has already been suggested by economists and journalists alike. I cannot see how it can be sustained, however I am sure many pensioners will not be happy about a reduced income.
It will not be a problem for those of us who also have a private pension and income from other sources, but for those people who only have a state pension, and are also going to probably face price rises for food and every day necessities on a state pension, they are not going to be happy about a reduction of the Triple Lock.
I might be wrong but I suspect a lot of voters in this position will be in the ‘red wall seats’ that the Conservatives have just won, and even if VAT is going to be reduced from 20% to 17% in the Budget for a year, (as Possibly suggested), you still have to have the money to spend, whatever the price of the purchase.
The U.K. Government, promised us a ‘levelling off’ of society, and a bright new future after Brexit. Undoubtedly Corvid 19 has scuppered so many plans, but ending the Triple Lock will ‘hurt’ some pensioners more than others, and once again it will not be the likes of us that have other income. - I wonder if those people see the benefits to the economy of the country as their priority, or the ‘hit’ to their own pockets? If it is the latter, then the ‘loan’ of those seat up north might be very short term. Voters have longer memories then credited when something hits them personally.
The Government has some very difficult decisions ahead, and this will be the ‘test’ of its capabilities. It is easy to govern when all is going well, but in a crisis..........