https://sputnikglobe.com/20211102/lords-pass-protest-vote-against-government-break-with-pensions-triple-lock-1090424844.html

Lords Pass Protest Vote Against Government Break With Pensions 'Triple Lock'

Lords Pass Protest Vote Against Government Break With Pensions 'Triple Lock'

Sputnik International

The Conservative Party government has taken a series of potentially unpopular steps beginning in the summer, including raising National Insurance contributions... 02.11.2021, Sputnik International

2021-11-02T20:46+0000

2021-11-02T20:46+0000

2023-05-28T15:24+0000

britain

great britain

pensions

house of lords

rishi sunak

peerage

boris johnson

coronavirus

covid-19

national health service (nhs)

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The British House of Lords has protested the government's decision to suspend part of the 'triple lock' for state pensions next year.A cross-party motion against the move, announced on September 7 by Work and Pensions Secretary Therese Coffey, passed by 280 votes to 178 in the upper house on Tuesday.The triple lock pledge sees pensions rise each year using the highest metric of either inflation, average wage increases or a 2.5 percent baseline. Coffey justified ditching the earnings element in the 2022-23 financial plan on the basis that median salaries had jumped by 8 percent this year, following the end of the COVID-19 lockdown.The move was expected to save around £4 billion, as Prime Minister Boris Johnson's government also raised National insurance — the UK social security tax — by an additional 1.25 percent. That tax hike was reportedly to fund extra spending by the National Health Service, which has struggled to clear a backlog of cases built up during the lockdown while also funding elderly care.The opposition Labour party accused the Conservatives of using the pandemic as a "smokescreen" to cover breaking their pensions promise.Most parliamentary motions are not legally binding on the government. Even in legislative votes, the elected House of Commons can overrule amendments passed by the appointed and hereditary lords, by defeating them in three consecutive votes.The 280 votes represent just over a third of the 786 peers, a number which fluctuates with the annual royal honours list and the deaths of sitting members.

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britain

great britain

united kingdom (uk)

2021

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