Martin Lewis: British people will be poorer as a result of inflation

“Yes, we all have to get used to being poorer.”
British society has become “more split,” with inflation impacting those with lower incomes more drastically, says Martin Lewis.
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[@shoelessjoe428]

I got a better than average, 7% inflationary rise this year and I can honestly say I've never felt poorer. I do not believe official inflation figures - not even slightly. The rise I see on core food items (about 15-20%), petrol (15%), home energy (anything upto 100%), insurance (30%), privatised public transport (15%). I think we're lied to about real world inflation because it kicks off all sorts of problems with budgets & strikes. It's probably double what we're told which means any payrise you get is just melting away in your bank account.

[@John-bk8kp]

Yep and it's called deflation whilst those deflating you inflate .

[@mattwright2964]

Glad he mentioned the Govt accounting dodge on the energy cap as inflation hasn't gone down and may still go up.

[@peterrat100]

Martin should be Chancellor of the Exchequer.

[@SevenEllen]

He should be PM.

[@stephenjon3502]

It’s got so bad that the Times can’t turn the heating in the studio on. Shocking.

[@gavinsmith9564]

Brexit Britain, people voted for decades of decay and despair, they got what they wanted.

[@chatham43]

....and what gavin wanted...😊

[@lesleyrobertson5465]

Scotland 🏴󠁧󠁢󠁳󠁣󠁴󠁿 didn’t vote for this

[@georgemichaels9057]

Project fear being correct all along. This was all so predictable.

[@PabloTBrave]

The decay of the UK has been going on long before Tories got in, granted they have made it far worse .

[@SevenEllen]

I didn't vote for the Torys.

[@CJ-gn8qm]

Are times radio not paying the heating bills? Sheesh time are hard!

[@TheVicar]

He's outside

[@barking_mad6649]

​@@TheVicarthanks for clearing that up

[@ep1929]

The key is getting rid of all debt, including mortgage. I cleared my mortgage in March 2023 which was 12 years early. It wasn't easy by any means, its taken years of doing without and living like I was broke. Would I say it's been worth it? 100% yes, especially with the economic mess the country is in now.

[@eliakimjosephsophia4542]

They give it with one hand take it back with the other hand. I'm a pensioner, my car tax has nearly doubled since last year. Then there is all the tax they take on petrol. If you travel you are taxed, if you have water, gas and or electricity, you are taxed. If you have a pet then you are taxed on that if you have pet insurance,. It is still a high tax economy. Labour are no better, Gordon Brown introduced over 100 stealth taxes.

[@ouethojlkjn]

And the flipside is when they harvest all this money through all these stealth taxis. What exactly do they do with it and what is the benefit to society? All I do in my car is play a game of dodge the pothole and hope I don’t fall in an opencast mine when I drive anywhere…

[@callewag]

@@ouethojlkjnexactly - I actually wouldn’t mind, if society was actually benefiting with improvements to the nhs and other social services etc. but instead, we’re constantly worse off and with less to show for it as a country!

[@MarkDoe-lg1kp]

Cost of living “crisis” by definition it’ refers to a temporary state. This isn’t tenporary

[@MarkDoe-lg1kp]

With respect Martin there’s no point trying to juggle the figures with people on peanuts. You need to find your own routine to earning 40/50k plus to manage as things are

[@pete9009]

Energy 5% Council tax £% all types of insurance going up 😢😢

[@jeanjacques9980]

The split in the British population between rich and poor did not start with covid, it started in 1979. I believe that the population was most equitable in 1973?

[@tancreddehauteville764]

Yes, the mid 1970s was the period in which British society was at its most equal. I was a kid at that time and I remember it as a time when people were happier and more relaxed, even if they did not have all our modern techie things.

[@user-ux9ll3yk5y]

The poor are far richer now than back then .

[@mattwright2964]

​​@@tancreddehauteville764 you must be delusional, I grew up in my early childhood in a northern industrial town that still had areas bombed out from the War, companies being closed down en masse, kids with holes in their shoes, outside toilets, dangerous pollution, fairly routine diseases with no treatments at all.

[@jeanjacques9980]

@@user-ux9ll3yk5y It’s about relativity, there were no food banks in 1973.

[@tancreddehauteville764]

@@mattwright2964 Maybe I am - but only about the north. I grew up in a comfortable part of Oxfordshire.

[@Chappers.Gaming]

All the major shopping brands, employees are no way on 30k or above... The fast food chains / restaurants are not even paying staff 30k a year.... And yet most like 5-8 million people are on around 18-25k a year

[@SubjectiveFunny]

The solution is not to pay everyone 35k. They need to study, get qualified and then earn more. This whole fkin country just looks for handouts, it's disgusting.

[@Chappers.Gaming]

@@SleepyGo-Kart-hr1zuyet apparently somehow they said the advantage wage is 30k a year 🤦

[@pierer91]

⁠​⁠@@SleepyGo-Kart-hr1zuwhat adults in the UK are working full time and not making 18k? Even on minimum wage you only need to work like 30 hours to make 18k a year

[@bolsov3370]

I'm on 30k a year. Its nothing nowadays. Rent and utility bills alone 75%+ of my incomes.

[@Chappers.Gaming]

@@bolsov3370I'm sorry to hear that but now imagine everyone else who's on 18-24k or hardly making that. 20-21k mostly ... That's a lot of workers all your big shopping companies food or cloths and some school staff, caff staff, restaurant staff. It's crazy when you think about how they got the average of 30k.. yeah If your an engineer, IT guy and that kinda high end stuff.. or just well paid office Job.

[@stuartfitch7093]

I totally agree with Martin Lewis. I work in an industrial environment, it's a heavy manual job that can't be done from home as many jobs in my northern town are, it's minimum wage and yet we were classed as essential workers who had to attend work during the pandemic to get paid as we were not eligible for furlough. If we got COVID it was two weeks at home on statutory sick pay only. You had city workers in office jobs sat at home on furlough payments higher than the wages I was taking home for going out, doing an average 42.5 hour week and risking my health. When you look at it like this you can see the maths don't add up. It is now a lot of these essential workers who worked throughout the pandemic who are now suffering the most from the cost of life being crisis.

[@bolsov3370]

Electricity prices may go down ,but standing charges are going up. Win-win for energy giants.

[@user-ol6rd7pl5t]

The usual smoke and mirrors tactics from the Tories, they give you £1 in one hand while reaching around & taking £10 from your back pocket & then expect you to be greatful for it.

[@emanueleziglioli499]

It must be freezing in the offices of The Times of London!

[@TheVicar]

He's outside

[@SausageFingers01]

When has the price of anything ever gone down in price? We're never going back to how things were. Small wage increases wont be enough. The country is finished.

[@philiphayton8261]

Japan in the 90s?

[@gordon1201]

He honestly seems like such a good guy. Rich but hes out here telling us whats going on. Why arnt more people like him in power?

[@John-sweeney333]

I’m a yank who lived the past 2 yrs in the UK.It’s been an eye opening experience to say the least.Don’t get me wrong,the US is no better in terms of a polarized working class.What’s happening in the UK right now is a house of cards.The British government gives a handout but takes it back with tax hikes,how is that economic policy working?Raising the living wage and raising salaries looks good on paper but that only fosters inflation because goods&services will rise with the average worker being able to pay more for the same thing,it’s a never ending cycle of in one door and out the other.I’m amazed by the lack of manufacturing in the UK,undoubtedly that was the beginning of a downward spiral for the Brits.The states tried and failed moving US manufacturing overseas, and a vast majority of it has returned to the states.Meanwhile China called,they want their money back.Both are nations are in a bloody mess, with fools and corrupt politicians at the helm

[@Gazmaz]

Was John Pienaar stuck outside or had the heating just gone off in the studio?

[@jamesmarston1087]

Lol 😂 really ,,, im 54 all ive known is poverty but it wasnt recognised until covid and the cost of living too little too late those that was in poverty before all this are now in dire straights , those who are just feeling the pinch think its awful but never thought about poverty till it hit them and when it reaches the rich then something will get done the peanuts there throwing at those in dire need is disgusting

[@zsoltcseszak3366]

If you are 54 and poor - its your own fault

[@SevenEllen]

You know nothing about this person's life, their circumstances, their past, ANYTHING. So shut your ignorant mouth and mature before you open it again.@@zsoltcseszak3366

[@rlittlewood6343]

Well done martin your better than me at maths

[@The_Original_KL]

Why dont governments actually listen to this dude.

[@1inchPunchBowl]

They know. This is all by design. Have you not worked that out yet?

[@SevenEllen]

They listened only a little, that was the £400 'support' for energy which got eaten almost immediately, but they didn't dare listen to him further because all they cared about was keeping themselves and their rich mates rich, rich, rich.@@1inchPunchBowl

[@richardtuxford1812]

A corrupted media ecosystem prevents facts and common sense prevailing over government rhetoric

[@xtc2v]

There is no money as the nation does not even earn its living let alone have anything spare

[@soniabaker9790]

Tax cuts for the rich, surely not, most of them don't pay tax!the minimum wage never ever improves with cost of living !! Who are the Tories kidding, wake up people, big chance for change next election!! All down to you.

[@ouethojlkjn]

Like I keep saying - if you vote Tory at the next election, you’ll get what you deserve

[@garnhamr]

and vote for whomb?

[@Esta-Beed]

More Tory bilge budget today based on cooking the numbers and stealth taxes

[@tlangdon12]

In the UK, because of our public health system and the benefits we pay, we are at great risk from inflation. Regardless of whether the government has taken in more tax revenue, if we are to be fair to civil servants and benefit claimants, we have to increase the pay and benefits in line with inflation. Therefore ANY UK government needs to have keep inflation very low as its primary aim. The moment that inflation exceeds the increased tax revenue from growth in the economy we are on a path to financial ruin. Are we prepared to make the sacrifices we need to get inflation under control? We might for example need to start charging capital gains tax on people's homes, so that they can't pay more for new home just because someone is paying them more for their home.

[@paulbird3235]

This government are certainly putting a different spin on the economy, listening to them things have NEVER been better. What shitesters.

[@garnhamr]

we're just lazy like Lizz Truss said

[@openbabel]

Martin Lewis is reminded that some the UK blind and severely disabled have not received any of their legally entitled incomes and support payments since the 2nd June 2022. This was the result of the collapse of the DWP payments systems at the post office for the most vulnerable in our society. This was inspite of warnings from parliament in January 2022THis is the biggest disaster for this government which has excluded his legal right to stand for reeliction in may. The charities have called for sunaks imprisonment and resignation which the law provides for. Martin be actuate. this group of people have not received any cost of living payments since 2022 confirmed by the DWP. The will not receive any cost of living payments in 2023-24 confirmed by the DWP, Michael Gove wants a parliamentary enquiry and group compensation scheme for those effected similar to the post office counters disaster. Kier starma wants a judicial enquiry. Jeremy Hunt MP is clearly misleading parliament and has to resign this week as he has breached the ministerial code. Alleged genocide of the uk blind disabled children and adults Must lead to the arrest of hunt and sunak this dying government.

[@MARTINA-gc3tq]

Can’t Times Radio afford a heater in their studio. ?

[@PassiveAgressive319]

I thought the same😅😅

[@TheVicar]

@@PassiveAgressive319 He's outdoors. Check the grass on the floor

[@John-sp9kw]

While we deflate they inflate

[@user-hh8tf4tb9q]

And a day later Gas prices rise and your bills covering winter will cost you an additional 5% or £94.

[@HoneyBadgersAreAwesome-9001]

"The leopards are eating my face!" says the Brexit for Leopards Eating Faces Party

[@JellyLancelot]

I've stopped paying into my LISA as its put me on edge with the whole thing, the penalty system is so deceptive its completely turned me off the bonus scheme, especially with house prices continuing to rise. Given savings rates on normal savings accounts are pretty good right now, I'm just leaving it in there for now.

[@thenoodlebuddy]

Yes he makes a good point actually all these people were getting furlough and also working for snother job at the same time they were raking it in, meanwhile I was struggling risking my life everyday

[@fatwalletboy2]

2nd job? How if they were supposed to be staying at home?

[@thenoodlebuddy]

@@fatwalletboy2 delivery driver. Some other people were working from home for a different company or doing freelance work

[@D_isco_D_ancer]

Is the studio that cold?

[@TheVicar]

He's outdoors

[@realest-12]

The good times are over for average people.

[@dave788]

Inflation isn't down at all I'm paying out more now than in January rent up 100 pm food up petrol expensive car insurance up 50% ctax going up water going up so inflation at 4,5 % is a lie TORIES OUT

[@mci6830]

Things have never been better.....just not for anyone who works for a living.

[@sumdude4281]

Hmmm...not great root cause analysis. The truth is Britain will be poorer b/c of Brexit. Period. Full stop.

[@cowbanchalam9725]

🤫

[@DarrenSmith-zz6fk]

It's not Brexit plz educate yourself look up the word inflation on a search engine we are heading for a neo futile system you'll own nothing and be happy

[@harveybrown37]

Dead Government Walking

[@janeknight3597]

Bless you Martin. You are so right about the divide during COVID.

[@andybud1983]

Inflation hasn't been reduced by our government. Energy prices dropped worldwide 😅

[@antonywelford]

Need to switch the heating on there

[@alloyrocker]

The LISA thing absolutely baffles me.

[@John-bk8kp]

The job detail of a customer agent is to identify customer need's and as to achieve and provide complete customer satisfaction etc if the customer is not satisfied then the customer agent hasn't provided the correct job entail of the customer agent's duties as to provide such satisfaction for the customer and not forgetting the customer is always right .

[@markvincent2241]

I’ve had nothing for 48 years, you can’t take nothing away from me!

[@theone-nm2xu]

Why don't the gov change the tax code for non work from home workers to pay less tax,that would create equality resolution. If the gov creates a rewards points system for the industry you work in then you should get discounts ie NHS staff police,fire brigade.

[@davidhodgson3901]

And core inflation has barely moved.

[@TheVicar]

Don't rock the boat The Tories will add you to the list

[@edc1569]

Careful Martin, getting political, can’t be upset with our glorious government and their Brexit economy destroying ways.

[@DarrenSmith-zz6fk]

It has nothing to do with Brexit inflation is caused by printing to much currency wait until we all experience a hyperinflationary depression Martin Lewis is going to be fine and the elites are going to be great we are heading for a neo futile system watch out for the great debt market meltdown cash is going to move into assets held by the few and those who have prepared for this event by becoming their own central bank and betting against the debt

[@andybud1983]

How has worldwide inflation got anything to do with Brexit? 😅

[@SevenEllen]

Pretty sure he's just talking about OUR inflation, not worldwide inflation.@@andybud1983

[@jmmypaddy]

​@@andybud1983​Less advantageous trade deals from further away countries, more difficulty through red tape to get in and out the UK, the Pound has less security tied to the EU and has seen mass fluctuation and decreased value. Brexit has been failure and is costing us more and more. Not just the mechanism of Brexit is harming Britain, but the mindset behind it. We saw this with Liz Truss' budget, which tried to boil down complexity into binary thinking, which led to the pound being damaged and £65billion has to be put into plug the hole the Bank of England. Brexit has caused an issue, economically and socially. Be well Andy :)

[@norincurcan8827]

Politicians =puppets

[@fatwalletboy2]

Cant believe the fine on the lifetime isa......really!?

[@user-sl8xb6hj9k]

In other news the sky is blue. Of course higher inflation will make us poorer. Inflation is the rate of increase in prices over a set period of time...how do people not understand that yet. That's all the Tories have done for us in that last 10 years

[@Bikeaddict4235]

We don’t need Martin to tell us this. Ask him how many politicians, lords and ladies etc will be worse off ?

[@monipenny408]

LOL hence churchill once said "captalism is the best system in the world".....he would say that, they are all in it together.

[@wonderfullife3108]

It's a worrying sign that fuel prices are way too high high when the Times Radio studio can't afford to put the heating on.

[@sunindragupta9236]

Inflation is all over the world, problem is this country is not prepared when there are problems

[@kdeeuk]

wish he was chancillor

[@alexbort3082]

And the bad thing is...?

[@chonkymonster671]

The title is kind of obvious? What's the surprise?

[@busandcoach]

Need to reduce ni to 5% and tax all earnings including unearned income you cant dodge ni. Also loans used to avaoid taxes need to be taxed as income

[@503stick]

Smoke and mirrors tories, need them out of government 😡

[@georgemichaels9057]

This is a Brexit benefit! We will be poorer so the rich can get richer!

[@vincentblack7467]

Mass immigration is doing a fine job..

[@stevebroadway7274]

Define years of austerity, low wages and the tories crashing the economy again ..😂

[@akaski777]

Telling somrthing we already know

[@B.D.E.]

*Brexit.

[@DarrenSmith-zz6fk]

It wasn't Brexit it was printing to much currency if you think it is bad now wait until you experience a hyperinflationary depression and a meltdown in the debt market this is history repeating im terrified even though iv prepared the best i can

[@snowman2970]

Inflation is the symptom, Brexit is the cause, totally predicted at the time of the vote. Being poorer is the only outcome of leaving the European Union.

[@ianworley8169]

Spot on, and paid for by increasing taxes on working people, while the rich get richer.

[@DarrenSmith-zz6fk]

You are totally wrong the cause of inflation is money printing we are heading for a hyperinflationary depression followed by the cbdcs this will happen before 2025 how to protect your family from this is very simple

[@dantownsend4246]

Leaving the EU and being first country to impose trade sanctions on itself has consequences

[@garnhamr]

but inflation isn't isolated to the UK

[@liquid_metal]

More low IQ Remainer propaganda

[@carlaspinall7418]

Same all same all thing from from the government as always😠

[@RB-vb3mk]

To be honest we’re beyond poor already

[@AUNEDJ]

You forgot a group. A group of people on forlough and working in another company or without declaring other jobs.

[@paulmatthews9366]

I'm sure all that money printing was worth it..... at least if you're close to the source. If you live downstream you get washed away.

[@malthusXIII-fo3ep]

I remember brutal fiscal drag under Gordon Brown,...does Martin?

[@awesomecrusader100]

Starting jobs for professional tradesmen have been lowered by £30-40 a day in the second city, since october. 2023

[@zulu3621]

Its time that this country changes the way it picks its leaders, those with the ability to govern for the people be put in charge of vital departments. Imagine having Martin Lewis as chancellor, Rory Steward as foreign minister David Beckham as prime minister, the list is endless 😅

[@user-Wojciech]

No one clever and half-decent goes into politics these days. In the US they've recorded the first decline in the most inteligent and talented people studying politics and aiming for a political carrier 45 years ago. This index has nosedived since.

[@Steven-bh3uk]

Get them out

[@tomd5678]

It's not a bug. It's a feature

[@MerryOlSoulGigglesmith]

British tax payer payed 50million + on 'the marvels'

[@bereal6590]

Sorry Martin but your lifetime isa argument to buy in London is ridiculous anyway. Most people do not buy a house that expensive

[@davidsworld5837]

I am already poorer this year vs last year I get less money. which means I can NOT afford many things, so being made to suffer, now being on UC I loss 4 weeks money a year, since you only get the same money each money Vs on WTC were i got weekly money. So even with that i loss money but I get less money on UC. which means I can not afford heating. I have no heating or hot water. had to get gas took out. I have a very low food budget, so can not afford to much, if too much then just don't buy. Standing charge is a scam. it makes low user suffer by paying more for the low units used.

[@Josh-rg6pe]

I was bringing back £1700 on a good month and still felt like i was struggling...

[@johnvaleanbaily246]

Must be really cold in that studio, having to wear, gloves, overcoat and hat !

[@TheVicar]

He's outdoors

[@withoutwroeirs]

If first time buyers are snapping up £450k houses, we’re a booming economy.

[@3D_Printing]

AND THE GOVERNMENT And their Pals will get RICHER, e.g. TAX on food and Fuel increases because they increase the costs

[@buy.to.let.britain]

how poorer ? 10%, 20% 40% ?

[@aliverbirduponmychest3055]

If he really wanted to help everyone he should cut VAT by 10%/15%. That is a tax cut that would make a real difference and would make people's money go a lot further and enable people to spend more and therefore grow our economy! You cannot trust the Tories to do anything other than enrich the already wealthy! 2% cut in NI does nothing to help anyone when utility bills have doubled. Everything has increased in price so the only cut should be VAT!

[@jezlawrence720]

Except that almost our entire GDP is about consumer spending, because of the tax revenue it generates. VAT is one of the largest bits of the tax take after income tax. If we are to make changes to VAT then it probably needs to be more surgical - a thorough review of what VAT applies to at all, aiming to get a bunch of stuff entirely off the 'luxury items' list. Taxation is a balance of fairness vs arbitrary tithes. Tories always move towards the latter whilst pretending to be all about the former. That way, as people demand generically 'lower taxes' as things get more and more unfair they get to pick from their arbitrary hikes to make cuts that make people feel better but when looked at in the round always seem a bit insane. VAT on tampons? Lolwhut? Taxes on capital gains being lower than the lowest band of income tax? Lolwhut? Inheritance tax based on assets and council taxes based on property values... but thresholds & bands essentially *never* revised / refreshed / adjusted for inflation? Lolwhut? Large businesses paying basically no tax due to international HQ and tax-write off loopholes with small independent business paying 20%, in a perverse mirror of the way rich people basically pay no tax whilst the rest of us give up going on for half our earnings? Whilst the govt. insist they are the party of small businesses and working people? Lolwhut? Entire system is either fully crazy or entirely malicious. Fiddling with these little bits and pieces is not making decisions for long term stability. It all needs a very very thorough restructuring, root and branch.

[@edc1569]

Every tradesperson is just going to charge you the same.

[@evelbsstudio]

He hasn't mentioned you still pay national insurance on the benefits you get.

[@SevenEllen]

That's because there's only so much he can say in the space of time he has.

[@mrmeldrew693]

😂 paying tax on benefits received. Give it a rest. Just because money goes to the exchequer, from the exchequer doesn't mean that benefit claimants have 'paid in'.

[@evelbsstudio]

@mrmeldrew693 you make it sound like people on benefits haven't ever worked or for disabled people like myself have a choice. I had a back injury at work and now as a result spend alot of time in bed, not by choice but unable to move or get out of it, the Internet is one of the only ways I get to see the outside world. I like many people paid a lot in taxes been self employed and an employer of workers but when I needed help it wasn't there for me, this is a fact that most people go through when in a similar position to myself. A lot of closed minded people that are ill educated on the subject think that people on benefits have never worked and the fact is that it is a very small fraction of people in this category. Yes you do pay NI on your benefits its well known that you do.

[@mrmeldrew693]

@@evelbsstudio your past means nothing here. My dad worked for almost thirty years before his company moved production to the far East. He was entitled to basic JSE only before finding another job.

[@evelbsstudio]

@mrmeldrew693 I agree with the jse, I found that aswell, it's a broken system in that respect. You find with the benefits system when you need to claim they are reluctant to help you, if you ask for help with training to train in your career field to enable you to work, they won't help. For me, I was too qualified to get any help when I needed it. Anyway, back on point, the system. Is setup not to help and to promote work, it always has been and that seems to be the situation your father had. My past experience is the same experience a lot of people are having with the system that's set up to not help you.

[@christhornley1664]

This guy always sees through the trickster Tories.

[@SevenEllen]

He's not alone. Some of us have seen through them all our lives. We didn't vote for them, but sadly, too many people believed the Tory lies.

[@keith8609]

I won't be poorer thanks

[@rlittlewood6343]

its to little to late & congratulations to the tory party they have just sounded their own death toll ,

[@charleswillcock3235]

Other news the sun rii in the east and sets in the West

[@imperatorvespasian3125]

no, as a result of the war

[@tomd5678]

People voted for Brexit. They voted to be poor

[@sidcrowe7301]

And people wonder why I support Independence from this cabal.

[@tancreddehauteville764]

The triple lock is right and perfectly sustainable - but we do need to ensure that richer pensioners pay more tax. The best way to do this is to reduce the 40% tax threshold for over 65s by around 10k. Abolishing the triple lock will simply hurt lower and middle income pensioners.

[@-BY205]

We are world leader in everything... 😂😂😂 not so bad like Argentina or Greek but but but

[@peterlangan1181]

Wow, that title is like saying that if you must pay interest it will cost you more! Not exactly some stunning information!

[@frankdevine7199]

HI,ALL,(THE NEW GOVERNMENT IN THE NEW YEAR CAN REVERSE THIS ?????😂)

[@goonyhill1857]

Let’s see national insurance drop or pay the NHS staff more and help bring the waiting times down? Looking at quite a few interviews it’s definitely the latter

[@vincentblack7467]

We gone too far down the pan,, too late we can't afford it, good job government!!

[@theghostoftom]

@@vincentblack7467 £50 billion lost to tax fraud this year, over £100 billion lost to Tory projects that did nothing but line their mates pockets. There is plenty of cash once we stop letting parasite billionaire's decide where all the public money goes.

[@tancreddehauteville764]

Paying doctors more and more is not the answer. They are not gods and we shouldn't treat them as such.

[@PabloTBrave]

The government has done nothing to reduce inflation infactvtge actions with increase inflation. The bank of England has worked hard to increase inflation with the interest rate risee that will increase owner occuplier costs forcing inflation up.

[@cowbanchalam9725]

The triple lock is unsustainable. Only 20% of pensioners are poor. 20% are wealthy. State handouts to the rich under the cover of caring for the poor will eventually exceed the whole of GDP. Support people according to their need, rather than their age. If the taxpaying workers have less disposable income then they will spend less which is then a drag on the economy. It can never be forgotten that money given to the wealthy is not spent. It is unavailable as it is taken out of circulation.

[@georgemichaels9057]

We have one of the lowest state pensions in Europe, and you want to make people poorer? Tory tax breaks for the wealthy corporations and individuals takes away money from ordinary people. We should be looking at increasing pensions and lowering the pension age to 60 instead of, all totally affordable if we had a fair tax system. Stop blaming the victims and make the wealthiest pay their fair share.

[@michaelashall4523]

So a higher rate of tax on the very rich. Not just the wealth pensioners. Please tell what you consider to be a wealthy pension in pounds per annum.

[@joesoy9185]

The wealthy pensioners subsidise the poor in care homes.

[@tancreddehauteville764]

No. The triple lock is right and perfectly sustainable - but we do need to ensure that richer pensioners pay more tax. The best way to do this is to reduce the 40% tax threshold for over 65s by around 10k. Abolishing the triple lock will simply hurt lower and middle income pensioners.

[@rachel.mcgowan]

The triple lock provides some security for the large number of pensioners who are just above the level where pension credit is available.. not the absolute poorest in other words but far from wealthy. Also pension credit take-up is woeful. Wealth taxes are how to target the wealthy, if that's not too much of a tautology.

[@jellyboy123]

’m on minimum wage and i’m happy with the £11.44p its not perfect but i’m happy. what i don’t like you got rich people like Martin Lewis complaining that that working class poorest people got a pay rise . Martin Lewis is not looking out for the poor he’s looking our for his best interests.

[@peteraston4753]

Another give away to buisness's for so called investments that will end up in shareholders and board members pockets