What's happened
The Conservatives have unveiled a 'triple lock plus' policy for pensioners, promising a tax cut worth hundreds of pounds over the next parliament. Labour has faced criticism for its plan to increase income tax for pensioners, with contrasting views on how to support older citizens.
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What the papers say
The Guardian reports on the Conservatives' 'triple lock plus' proposal, highlighting the potential tax cuts for pensioners. Meanwhile, The Guardian also covers Labour's plan to increase income tax for pensioners, as criticized by the work and pensions secretary. The New Statesman discusses the impact of Conservative policies on pensioners, noting the challenges in satisfying this demographic.
How we got here
The 'triple lock plus' policy is an extension of the existing triple lock system, ensuring pensions rise in line with inflation, wage growth, or 2.5%. Labour's proposal to increase income tax for pensioners contrasts with the Conservative plan to provide tax cuts. The debate reflects differing ideologies on how to support pensioners financially.
Common question
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