Suspending the pensions triple lock the ‘right’ call

Julian Jessop quoted in the Daily Express

IEA Economics Fellow Julian Jessop has been quoted in the Daily Express in an article on the pensions triple lock suspension – and its impact on savers.

Julian said:

“I think it was right for them to change the triple lock for this year at least, I wouldn’t have done it necessarily in the way that they have done, I would have retained some form of link to average earnings.

“I would have used some underlying measure to be more consistent with the manifesto.

“As it happens though, the pension will probably come to a similar place as inflation is likely to be between three and four per cent.”