Tax and Fiscal Policy

Soaring wage growth means windfall for pensioners


SUGGESTED

Housing and Planning

Alexander Hammond quoted in Estate Agent Today

In the Media

Annabel Denham writes for The Spectator

Housing and Planning

Julian Jessop quoted in the Independent

After an 8.8 per cent increase in wages was recorded in July, pensioners are expected to receive a huge income boost due to the triple lock pension. Critics of the policy argue it is unfair for pensioners to receive financial  gains whilst the younger generation has faced the brunt of the pandemic economy.

Julian Jessop, IEA Economics Fellow, was quoted in the Independent saying: “The 8.8 per cent jump in average pay in the three months to June provides more ammunition for those arguing that the ‘triple lock’ on the state pension needs to be unpicked.”



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