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Liberal Democrats to give £770 boost to 14,750 pensioners in Leeds North West

May 8, 2017 12:33 PM

14,750 pensioners living in Leeds North West 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. August 2015, blank

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. Greg Mulholland, standing to be re-elected in Leeds North West for the Liberal Democrats, formerly sat on the House of Commons Select Committee for Work & Pensions and is a former Work & Pensions spokesperson for the party in Parliament.

Greg Mulholland said:

"Protecting the triple lock will mean an extra £772 a year by 2021 for the 14,750 people receiving the state pension in this constituency."

"The Liberal Democrats are making a clear commitment to older people in Leeds North West, whilst the Government have refused to give this guarantee."

"The triple lock has succeeded in lifting thousands of pensioners out of poverty, but many are still struggling."

"As a society, we will be judged on how we care for the elderly. Our commitment to the triple lock will ensure older people are able to meet their basic needs and that their living standards are protected. This is especially important given that prices are set to rise in the coming years."