- Nearly half a million pensioners in the region will receive a £772 boost under the Liberal Democrat manifesto.
- Liberal Democrat candidate for Manchester Withington John Leech welcomes plans.
Nearly half a million pensioners living in Greater Manchester will receive a boost of at least £772 per year under Liberal Democrat manifesto plans to protect the 'triple lock' for state pensions, it was announced today.
The plans were welcomed by John Leech, the former Liberal Democrat MP and candidate for Manchester Withington.
The triple lock guarantee, which was secured by the Liberal Democrats when they were in government, ensures the basic state pension has risen in each year by whichever is the higher of earnings, prices or a rate of 2.5%. However, the Conservatives have refused to guarantee whether the triple lock will continue, raising fears it could be scrapped.
The Liberal Democrats have committed today to keeping the triple lock, meaning the state pension would be worth at least £137.15 a week by 2021, up from £122.30 in 2017, or an extra £772 a year.
This would be paid for in part by restricting perks such as the winter fuel allowance so they are no longer paid to the wealthiest pensioners.
John Leech, the Liberal Democrat candidate for Manchester Withington, said:
“Thousands of pensioners in Manchester are living in poverty and still struggling to get by, and this will only get worse as prices continue to rise.
"Unlike the Conservatives, the Liberal Democrats are making a clear commitment to older people that their pensions will be protected.
"Protecting the triple lock will mean an extra £772 a year by 2021 for the 51,000 people receiving the state pension in Manchester alone."