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Coffee House Shots

Will Hunt protect the pensions triple lock?

Coffee House Shots

The Spectator

News, Daily News, Politics

4.42.2K Ratings

🗓️ 8 November 2022

⏱️ 12 minutes

🧾️ Download transcript

Summary

Ahead of the Autumn Statement next week, questions remain over whether the government intends to protect the pensions triple lock. With pensioners being such an important part of the Conservative party's demographic, will Jeremy Hunt risk the inevitable backlash? Also on the podcast, what will Rishi Sunak do about Gavin Williamson as the bullying claims grow?

Cindy Yu is joined by Isabel Hardman and James Forsyth.

Produced by Cindy Yu and Natasha Feroze. 

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Transcript

Click on a timestamp to play from that location

0:00.0

This episode is sponsored by Canacord Genuity Wealth Management, experienced wealth planners and investment managers who offer unwavering support in challenging times.

0:10.0

Visit kandewelft.com for more information.

0:16.0

Hello and welcome to the Coffee House Shots, the spectators' daily politics podcast.

0:20.0

I'm Cindy U. I'm joined by Isabelle Rodman and James Hasek.

0:24.0

As we count down the days to the autumn statement, one of the questions is over the pension's triple lock.

0:29.0

James, the government had previously not committed to protecting that triple lock,

0:34.0

but are we seeing actually movements that in fact they might?

0:37.0

So the times are saying today that it expects that, although no final decision has been taken,

0:43.0

the current plan is that both benefits will rise in line with inflation and the triple lock will be preserved.

0:50.0

I think the triple lock is so politically potent and pensioners are such an important part of a Tory demographic that I would be surprised if it was scrapped.

1:03.0

I mean there is a longer term question about how affordable it is because what the triple lock means is that the state will spend more on pensions essentially every year.

1:14.0

And with an ageing population, there is a debate to be had about how long that can be kept going.

1:20.0

But I think it would be a brave chancellor in the yes minister's sense of the word who decided to get rid of it.

1:27.0

Just look at the backlash when Liz Truss was looking for some things to cut following the reaction from the budget,

1:34.0

started talking about abandoning the triple lock.

1:37.0

As well, in recent days we've heard the government talk about how you know you'll be tough decisions that are coming up,

1:43.0

it will be some tax rises and some spending cuts, but the overall feeling of the autumn statement they hope is to be fair.

1:51.0

Do you think keeping the pensions triple lock is one of those fairness things?

1:55.0

I mean speaking of someone in their 20s who is thinking well you know what else are you going to cut that was impact my life?

2:01.0

I think we can guess what your position on that is Cindy.

2:04.0

This is a really interesting fault line in the Conservative Party because there have been figures who have been warning for years.

2:10.0

I remember interviewing Liam Fox back when David Cameron was a prime minister about the perils of committing to the triple lock

...

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