10,162 pensioners living in Tunbridge Wells will receive at least an extra £772 per year under Liberal Democrat manifesto plans to protect the ‘triple lock’ for state pensions.
Thanks to the triple lock guarantee, secured by the Liberal Democrats when they were in government, the basic state pension has risen in each year by whichever is the higher of earnings, prices or a rate of 2.5%. However, the Conservatives have refused to guarantee whether the triple lock will continue, raising fears it could be scrapped. The Liberal Democrats have committed today to keeping the triple lock, meaning the state pension would be worth at least £137.15 a week by 2021, up from £122.30 in 2017, or an extra £772 a year. This would be paid for in part by restricting perks such as the winter fuel allowance so they are no longer paid to the wealthiest pensioners.
The parliamentary candidate for the Liberal Democrats in Tunbridge Wells, Rachel Sadler said: “ We intend to finance the triple lock by restricting the winter fuel allowance for the wealthiest pensioners, to ensure that people get the help that they need."