A Triple Lock Test: Why Today's Pay Data Could Cost the Treasury £2 Billion

A Triple Lock Test: Why Today's Pay Data Could Cost the Treasury £2 Billion

By Bloomberg

The Institute for Fiscal Studies says today's wage data mean an extra £2 billion spending on pensions. IFS Research Economist Heidi Karjaleinen explains why the government should rethink its 'triple lock' pledge. It's not the only costly project in Westminster: the Houses of Parliament are expected to need £22 billion to be fully restored. That's before Bloomberg's scoop yesterday that parts of the palace contain the defective concrete known as RAAC. Plus, Keir Starmer meets unions leaders in Liverpool. Our reporter Eamon Farhat is there finding out what the Labour leader is telling his left-wing backers. Hosted by Caroline Hepker, Yuan Potts and Lizzy Burden. 

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