State Pension Triple Lock

Simon Lightwood Excerpts

Tuesday 8th November 2022 Commons Chamber

[Simon Lightwood (Wakefield) (Lab/Co-op)]

In a speech earlier this year, the Prime Minister said:

“I believe that a wealthy and civilised country should offer older people dignity in retirement.”

I completely agree but, from the dozens of emails and letters I receive, it is clear that the elderly are facing anything but the dignity they deserve. Doreen from Hall Green told me:

“We will go hungry and cold, and this is what we get for working from 15 years old and paying into the system.”

Maureen from Wakefield city centre told me:

“We either live in warm homes and struggle to feed ourselves…or turn off the heating.”

It is truly shocking to hear these stories in 2022.

Voters took the Conservatives at their word when, in 2019, they committed to the triple lock. Since then it has been U-turn after U-turn, whether on income tax, fracking or their disastrous mini-Budget, and it is hard-working families and the elderly who are paying the price. More than 17,000 pensioners in my constituency could be £915 worse off overall compared with what the state pension would have been if the triple lock were fully applied in 2022 and 2023—of course, the triple lock was broken last year, too.

This matters a lot in Wakefield, where incomes are below the national average and where in parts of my constituency, even back in 2019, 26% of older people were living in poverty. That number must have risen dramatically during the pandemic and during the cost of living crisis, and it will only rise further if pensions do not keep up with inflation. In an area where long-term illness rates are high, it terrifies me to hear Age UK saying that older people are now risking their health by switching off their heating and essential medical equipment because they worry about the cost and because they fear that worse is to come.

Our older generation raised us, taught us, served us and cared for us, and in return it is only right that they should have the security they deserve in retirement. Their ask is simple. As Doreen says, they have paid into the system all their lives, and they want to be assured that they can continue to afford to live with dignity. That is why I will stand with our pensioners and support the triple lock by proudly voting for the motion this afternoon.