At least two people have posted that the triple lock is the triple lock and if that means its 18% next year then tough. They have said they would feel robbed it it was pulled back to a sensible 2.5% as a one off.
Honestly, I haven't seen any such statement, but to be fair I'm not going to trawl through 14 pages of tripe looking for it - so be my guest and present the quotes and I will be happy to berate them, but somehow I suspect that is not what they said or meant. Speak to some actual pensioners, I doubt you will find any expecting 18% or indeed anything much at all. Most are more concerned with getting through the next 6 months without you youngsters killing them off or stealing their bog roll tbh.
Once again with these rash statements, it is not law that there will be an 18% increase.the fact is currently by law the triple lock will give an 18% increase unless somebody does something and changes the law or finds another clever way to cheat the calcs
To be clear the triple lock is defined as:
Greatest of the following three:
Prices, as measured by the Consumer Prices Index (CPI)
2.5 per cent
No mention of 18% by law. None. Nada.
The only way it could possibly be 18% is if there was a massive jump in the CPI or if average wages went up by 18%
Thats a massive IF, and entirely dependant on how you calculate average earnings, which the government can do using a considerable amount of discretion.
You are not going to get an 18% pay rise next year, so the average earnings will not rise by 18% in real terms, and they can quite happily exclude any anomaly from covid without much bother.
This was covered about ten pages back, but still everybody is stating 18% as if this is a figure that has been officially announced - which it hasn't.
A lot of you appear to have jumped to a conclusion with absolutely no evidence, purely for the sake of being offended at something.
Sounds very... err.. well, millennial...