Scrap pensions triple lock to avoid tax rises, says CPS

The Centre for Policy Studies (CPS) think-tank has released a nine-point plan to repair the hole in the public finances inflicted by COVID-19. The plan calls for the pensions triple lock to be scrapped, and for £30bn of spending cuts, to include cuts to the aid budget and to child benefit, while it argues that land and other state assets should be sold. Head of policy Alex Morton says: “Taxes are already at historic highs, and any further increases risk choking off any post-Covid recovery. The Government must re-examine its existing spending and ensure it is getting good value before considering raising tax further still. This package of savings is simultaneously radical but realistic - delivering better value for money for voters and allowing the Government to continue funding its priorities.”

Read more: The Daily Express

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