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Hello and welcome to Coffey House Shocks, The Spectators Daily Politics Podcast.

I'm Natasha Rose and I'm joined by Katie Balls and James Canagossaurium,

a poster at Focal Data.

So, last night at 10 30 p.m. the Conservatives announced a new election

policy. It's the Pensions Triple Lock Plus. The party promises to increase

the personal allowance for when pensioners are paying income tax.

Katie, could you explain this policy and how different is it to the pension's triple lock?

Yes, I think what's interesting about this policy is that they're billing it as a triple lot plus,

which shows, you know, they're trying to suggest to pensioners that there's a further strengthening of the rewards they're going to get.

And because it's an election, they are effectively bidding the absence of a tax rise as a tax cut.

But what it is all about is tax thresholds are of course being frozen for three years. This would drag about 5 million more into higher tax bans.

But the workers have already had something here in the sense of those national insurance cuts in the budgets.

When it comes to pensioners, there has been an absence. And if you look at the budget that we had most recently, there was almost a bit of a pension

of back rash.

Some MPs campaigning on the local elections,

you know, told me they had pensioner slamming the door in their faces

because they'd watched this and they were unhappy, they'd been missed out.

Now, the fresholds mean that the basic

...