Prof Sir John Curtice, the psephologist and lead election analyst for the BBC, said the chances of a Tory revival were smallA reader asks:What has the Labour party has said regarding pension age and keeping the triple lock?Multiple sources from the party said that Sir Keir Starmer and shadow Chancellor Rachel Reeves would back the policy in their election manifesto, which is currently being drafted by officials.A senior Labour insider said that the state pension would have to grow in real terms because Britain’s housing crisis means more people are reaching pension age without the security of owning their own home or having a council tenancy. The source warned: “There is a tsunami of pensioner poverty heading our way over the next few decades.”First of all, the amount of pension funds invested in property is very tiny. I don’t have the figure in front of me, but it’s minuscule. It’s in single figures or percentages.Secondly, the industry has known this is coming for a very long time. It was in our manifesto. It’s been in numerous government manifestos, and there has been a departure away from this model, historically for decades. Continue reading...
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