That’s why the Conservatives introduced the pensions Triple Lock in 2010 — guaranteeing that pensions rise every year, no matter what.
Since it was introduced, the Triple Lock has meant pensioners have received an extra £3,700.
But in a world becoming more uncertain, we want to go even further to give people confidence and security in retirement.
So we would not only guarantee the Triple Lock — we’d introduce the Triple Lock Plus.
This means the personal allowance for pensioners would rise every year — ensuring they NEVER pay tax on their state pension.
