Dan Jones  

Election puts pensions up for grabs again

Dan Jones

Dan Jones

No statistic reflects our changing demographics – and voter turnout patterns – more than this: despite facing electoral disaster in June, the Labour party is still the favoured voting choice of those under the age of 40.

We’ll soon see just what this means for the government’s pensions policy. But even the demographics may not be enough to save the triple lock. My bet would be a downgrade to a ‘double lock’ system, paving the way for a full removal in a few years’ time.

In short, the polls mean government isn’t under pressure to commit itself to many issues at all. My inclination is that it wants to get this election over with as little fuss as possible, which means no major policy changes. 

There won’t be much confirmation either way on tax relief – and that means the speculation will be able to begin all over again come the Autumn Budget, the Spring Statement 2018 and beyond.