Submitted by James Nelson on Sunday 20th November 2022
Published on Thursday 24th November 2022
Current status: Closed
Closed: Wednesday 24th May 2023
Signatures: 20
Relevant Departments
Tagged with
balance ~ Boost ~ Budget ~ Chancellor ~ disaster ~ Economy ~ Forced ~ Forgotten ~ investment ~ Kingdom ~ Lock ~ Over 100 ~ Pensions ~ Pounds ~ Ratings ~ Ridiculous ~ Spending ~ state pension ~ Tax ~ tax burden ~ The Chancellor ~ The State ~ Triple Lock ~ United Kingdom ~ Young people
Repeal the Triple Lock and reduce the State Pension rate to £125 a week
The United Kingdom spends over 100 billion pounds a year on state pensions. By reducing spending on pensions this should allow the Government to reduce the tax burden or increase investment in areas of the budget that will boost the economy.
We believe young people have been forgotten about by the Chancellor and forced to bear the burden of a ridiculous increase in pensions. We believe the Triple Lock is a disaster for the budget and that the state pension should be immediately reduced to £125 a week.
Other ways of calculating yearly pension increases should then be considered, that better balance the needs of pensioners with the cost of state pensions.
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