The Lib Dems have become the only major party to commit to the triple lock on pensions, supporting the 14,823 pensioners living in Bath. The commitment would ensure pensions rise in line with inflation, wages or 2.5% – whichever is highest.
It means the Liberal Democrats are the only major party to commit to maintaining the triple lock in future years, with both the Conservatives and Labour refusing to do so.
The Liberal Democrats brought in the triple lock whilst in government, lifting 300,000 pensioners out of poverty.
Wera Hobhouse, Liberal Democrat MP for Bath, commented: “Many pensioners in Bath are already worried sick about how to pay the bills, as the cost of heating and eating goes through the roof. Now, the refusal of both the Conservatives and Labour to commit to protecting pensions in future is causing even more anxiety for those struggling to get by.
“The Liberal Democrats are committed to keeping the triple lock in place, giving people the security of knowing it will be there to support them in future years.
“Pensioners should not be made to pay the price for years of economic chaos under the Conservative Party.”