Kevin Schofield is Politics Editor of HuffPost UK.
The Conservatives have unveiled plans to stop the basic state pension from being taxed as they targeted the grey vote.At the moment, the state pension increases every year by either average earnings, the rate of inflation or 2.5% - known as the “triple lock”.
She also pointed out that the only reason the state pension is being taxed at all is because the Tories froze tax thresholds in the first place. Stride replied: “Yes indeed, and that’s because we went through a very difficult time, paying £400 billion to get us through the Covid challenge, and also the high inflation that came because of the war between Ukraine and Russia.”
Stride replied: “The question I was asked at that time was the longer term future of the triple lock and what I said was the very, very long term. To define it, I would say several parliaments.”
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