Sunak introduces the ‘Triple Lock Plus’
Another day, another big policy pledge from the Tories – and this time it’s a pitch for the grey vote. Rishi Sunak is pledging to cut tax for pensioners. A Conservative government would increase the personal allowance for pensioners in line with the Triple Lock by introducing a new age-related allowance. It is being billed as the ‘Triple Lock Plus’ whereby both the state pension and their tax-free allowance rise in line with the highest of earnings, wages or 2.5 per cent. As things stand, tax thresholds are being frozen for three years – which would not only drag five million more into higher tax bands but mean the basic