Scots pensioners who carry on working after retirement age are set to be an average of £2,300 worse off over the next two years because of three broken Tory promises, Labour has claimed.
Ahead of local council elections Labour has highlighted how in 2019 the Tories promised to keep the “triple lock” on state pensions, not raise National Insurance and to “introduce new measures to lower energy bills” - none of which have been honoured.
Jonathan Ashworth MP, Labour’s Shadow Work and Pensions Secretary, said: “ Boris Johnson has abandoned his promise to help Britain’s retirees with the cost of living crisis.”
He added: “The Conservatives have broken the triple lock, just imposed the biggest real terms cut in the state pension for 50 years and working pensioners will be clobbered with more tax."
“The Tories should back our plan for an emergency budget to scrap this tax rise and give working pensioners real support with rising living costs.”
New analysis from the House of Commons Library shows that working pensioners – who are uniquely hit by all three of these broken Tory manifesto commitments – are set to be an average of £2,300 worse off over the next two years.
Working pensioners will see real-terms reductions in their incomes over the next two years from the broken triple lock, soaring energy costs and the national insurance tax hike.
According to the research a working pensioner earning £16,000 faces a real-terms reduction of £1,790 over the next two years while a working pensioner on the average salary for someone over 60 of £24,900 faces a real-terms reduction of £2,300.
To sign up to the Daily Record Politics newsletter, click here.
