UK economy showing signs of ‘zombie apocalypse,’ says think tank Economics The UK economy faces a “zombie apocalypse” in the coming year, as years of tough trading conditions force thousands of unproductive firms to the wall, an influential left-leaning think tank has predicted. The Resolution Foundation forecasts a “triple whammy” of multi-year increases in interest rates, energy prices and the minimum wage will lead to the [...]
The pension triple lock won’t ‘last forever’, warns Labour MP Personal Finance A Labour MP has admitted that the pension triple lock won’t “last forever”, as the Budget fails to mention an end to the controversial scheme. Speaking live to City AM‘s Christian May and Alys Denby, Chris Curtis, MP for Milton Keynes North, said that the “triple lock inevitably cannot last forever”. He said: “That is [...]
Rachel Reeves must break this manifesto pledge Opinion Britain is stuck in a debt doom loop. Rachel Reeves must break a manifesto pledge to get us out of it, writes Ticiana Alencar.
Young people are headed for pensioner poverty – and there’ll be no Triple Lock to save them September 18, 2025 Younger generations stand no chance of enjoying the kind of comfort current pensioners in their old age. We need a policy reset to help the young build wealth now, says John Oxley There was good news once again this week for pensioners, as the Triple lock delivers them a 4.7 per cent increase next year. [...]
Kemi Badenoch backs costly triple lock pension as ‘Conservative policy’ July 10, 2025 Opposition leader Kemi Badenoch has doubled down in her backing of the triple lock pension after the UK’s fiscal watchdog said its costs on the state had soared far higher than expected. The Office for Budget Responsibility (OBR) warned this week that the Labour government could not afford the triple lock pension along with other [...]
Brutal bean-counters break the news: we’re utterly broke July 9, 2025 These are difficult times for a news organisation that likes to think of itself as being on the glass-half-full side of life. Optimism is in short supply, and whatever reserves remained after 12 months of this government were snatched away from us yesterday by those bean-counting assassins at the Office for Budget Responsibility. Once a [...]
UK cannot afford triple lock pension, OBR says July 8, 2025 The UK government cannot afford to keep the triple lock pension, the Office for Budget Responsibility (OBR) has warned. Chancellor Rachel Reeves has faced staunch opposition from within her own party and seemingly from the wider electorate over cuts to welfare spending as she bids to meet fiscal rules that prevent high borrowing from further [...]
Labour urged to scrap state pension triple lock July 2, 2025 The government should scrap the £145bn triple lock on the state pension and employers should automatically contribute to private pensions, the Institute for Fiscal Studies (IFS) has said. Labour’s election manifesto last year said it would commit to keeping the state pension, while the Conservative Party pitched a ‘triple lock plus’ pension that would increase [...]
Another recession could push Millennial resentment to tipping point April 10, 2025 Any goodwill left in avocado-munching Millennials towards their wealthier elders will likely be gone with another recession, writes John Oxley.
Kemi Badenoch: Tories could means test state pension triple-lock January 17, 2025 Kemi Badenoch has said the Conservatives could look at means testing the state pension triple-lock, in what would be a major policy shift. The Tory Party leader was asked during a phone-in on LBC Radio whether she would “look at” the triple-lock on the state pension, which sees the welfare benefit rise each year by [...]