UK Prime Minister Liz Truss said on Wednesday that she is “fully committed” to increasing pensions in line with rising inflation. Truss said he would maintain a ‘triple lock’ [triple cierre]A rule introduced by the Conservative government in 2010 required them to increase state-funded pensions by the higher of three elements: inflation, average wage growth or 2.5%.
“We have clearly said in our program that we are going to maintain the triple closure and I am fully committed and so is the minister. [de Economía]Truss said. However, Britain’s Chancellor of the Exchequer, Jeremy Hunt, said on Monday that he would not commit to increasing state pensions based on inflation in April as planned.
“I am well aware of the number of vulnerable pensioners there and the importance of the triple closure… but I am not going to commit to any particular political area,” the minister said on Monday, according to Reuters.
The annual Consumer Price Index (CPI) in the United Kingdom was 10.1% in September, the highest rate in 40 years. National Statistics Office (ONS, in English). In September last year, CPI was 8.8%.
All pensions in Spain, contributory or not, will increase according to inflation. The Minister of Finance, María Jesus Montero, estimated that this increase, which will be applied to pensions, will be around 8.5%, based on the annual CPI data for the month of November. The final data will be announced at the end of the year.
Hunt, who took over last Friday after Kwasi Kwarteng was sacked, said on Monday he would scrap “almost all” of Truss’ tax cut plans announced three weeks ago in the government’s so-called “Minibudget”. The minister should make a statement on the government’s tax and spending plans on October 31, reports the BBC.
The Conservative leader’s management after just five weeks in power – since last September 6 – has earned him criticism from the opposition and domestic MPs. Tories Those who want him gone, such as Crispin Blunt, Andrew Bridgen and Jamie Wallis, who called for his departure at the weekend.
This Wednesday, Labor leader Keir Starmer said Truss was “not responsible” and that his promises “don’t even last a week”. “How can responsibility be taken? [a Truss] When you’re not in charge?” he said. “What is the point of the prime minister, whose promises do not last even a week?”
Source: El Diario
