State Pension Triple Lock

Kate Hollern Excerpts

Tuesday 8th November 2022 Commons Chamber

[Kate Hollern (Blackburn) (Lab)]

A number of Conservative Members have asked why we are having this debate today, and given the events over the last few weeks, I agree we should ask why we are having it. It is because only a few weeks ago the Prime Minister said he was “totally committed” to protecting the triple lock for pensioners. Subsequently, we have had Ministers refusing to answer direct questions: “Will you protect the triple lock?”—“Well, it’s under review.”

As I say, only weeks ago the Prime Minister said he was “totally committed” to the triple lock, so I suspect another reason we are having this debate today is that the beauty contest in the summer, with very bold statements, has left a number of areas now under review, and that does not give us any confidence at all. The Government took a huge gamble in September and made a complete mess of it, and that is why we are here today. Unfortunately, there is a chance that pensioners and less well-off people will pay the heavy price for the mistakes that were made.

In April, the state pension rose by 3.1%; it should have been by 8.3%. A number of Conservative Members have spoken about the party that protects the triple lock, but it was broken last year and it is in real danger of being broken this year. Last year, that left pensioners £487 worse off. This year, if the same applies, that will be another £480. We have heard Conservative Members talk about covid, and I accept that the Government stepped up and delivered support for many across this country. We have heard about the war in Ukraine, which is a terrible situation. Putin’s war is absolutely terrible. However, these facts were of course known before the Prime Minister gave that total commitment to the triple lock, so what happened in that period of time?

In Blackburn, 13,694 pensioners will be left £900 worse off, right in the middle of a cost of living crisis. We know that pensioners are particularly vulnerable in the energy crisis. What is the sense of giving support for pensioners to brave the energy crisis—only partial support, because they will still pay £1,000 more than they would have done—and then to take it back with the other hand?

Pensioner poverty has been on the rise since 2013, despite the broad statements from Conservative Members. The facts speak for themselves, and this information can be checked. More than half a million pensioners across this country are living in poverty, and we should hang our heads in shame at that, given the wealth this country actually has. The triple lock has been so important in holding back those numbers, and not only do we not want them to increase, we want them to be drastically reduced. These people have worked all their lives and deserve better. They have been penalised for mistakes made by members of the Government.

Is the Minister concerned about breaking the triple lock? I would like an answer to that. What assessment has he made, should he break that promise, of the potential for pensioners dying in poverty? How many Conservative Members agree with what the former Chair of the Conservative party said, which is that people should work more hours and go for better jobs? Tell that to pensioners. The Government made this promise for good reason, and Conservative Members stood on that promise to ensure that older people have the security and dignity they deserve. What has changed? Does the Minister still believe that voters deserve security, dignity and peace of mind in their old age? Will he accept that a second year cut or change to the triple lock is not acceptable?

[Several hon. Members rose—]