Will Forster

Mayor of Woking and Lib Dem County Councillor for Woking South Learn more

Lib Dems to give £770 boost to 17,830 pensioners in Woking

by willforster on 13 May, 2017

17,830 pensioners living in Woking will receive at least an extra £772 per year under Lib Dem manifesto plans to protect the ‘triple lock’ for state pensions.

Thanks to the triple lock guarantee, secured by the Lib Dems 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.

The Lib Dems have recently committed 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.

“Protecting the triple lock will mean an extra £772 a year by 2021 for the 17,830 people receiving the state pension in this constituency.  The Lib Dems are making a clear commitment to older people in Woking, unlike the Tories who have repeatedly refused to give this guarantee.

The triple lock has succeeded in lifting thousands of pensioners out of poverty, but many are still struggling to get by.  An important test of a civilised society is the way in which it cares for the elderly.  This commitment will ensure older people are able to meet their basic needs and that their living standards will be protected, especially with prices set to rise in the coming years.

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