British Prime Minister Rishi Sunak campaigns in Amersham, Buckinghamshire, on Monday. EPA
British Prime Minister Rishi Sunak campaigns in Amersham, Buckinghamshire, on Monday. EPA
British Prime Minister Rishi Sunak campaigns in Amersham, Buckinghamshire, on Monday. EPA
British Prime Minister Rishi Sunak campaigns in Amersham, Buckinghamshire, on Monday. EPA

'Triple Lock Plus': Sunak pledges to lift pensioners' tax allowance by £100


Soraya Ebrahimi
  • English
  • Arabic

Pensioners will be given a tax break worth £100 in 2025 that will grow over time and add to their incomes on top of rises in the pension, British Prime Minister Rishi Sunak is expected to promise on Tuesday.

From April next year the income tax personal allowance for pensioners will be increased in line with the triple lock, as Mr Sunak continues the Conservatives’ election campaign.

As part of the plan, the state pension and pensioners’ tax-free allowance will always rise in line with the highest of earnings, wages or 2.5 per cent.

Billed the “triple lock-plus”, the policy is estimated to cost £2.4 billion ($3 billion) a year by 2029-2030, a price close to Mr Sunak’s proposed national service duty for all 18-year-olds, billed at £2.5 billion a year.

The tax cut will be funded through a previously announced plan to raise £6 billion a year by the end of the next parliament by clamping down on tax avoidance and evasion.

Rishi Sunak through the years - in pictures

The policy follows criticism of Chancellor Jeremy Hunt’s decision to cut national insurance by 2p at the spring budget, after a similar cut in the autumn.

State pensioners did not benefit from the cut, as they do not pay national insurance.

While Mr Sunak said the Tories were committed to the triple lock, he claimed Labour would make those receiving the full state pension pay income tax.

“I passionately believe that those who have worked hard all their lives should have peace of mind and security in retirement," he said.

“Thanks to the Conservatives’ triple lock, pensions have risen by £900 this year and now we will cut their taxes by around £100 next year.

“This bold action demonstrates we are on the side of pensioners. The alternative is Labour dragging everyone in receipt of the full state pension into income tax for the first time in history.”

But Labour claimed the Tories’ offer to pensioners was not credible.

“Why would anyone believe the Tories and Rishi Sunak on tax after they left the country with the highest tax burden in 70 years?” said Jonathan Ashworth, the shadow paymaster general.

“This is just another desperate move from a chaotic Tory Party torching any remaining facade of its claims to economic credibility.

“Not only have they promised to spend tens of billions of pounds since this campaign began, they also have a completely unfunded £46 billion policy to scrap national insurance that threatens the very basis of the state pension.

“Labour will protect the triple lock. But Rishi Sunak is planning to reward Britain’s pensioners for their loyalty by stabbing them in the back, just like he did to Boris Johnson and just like he has done to his own MPs.”

The specs

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Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
South Africa v India schedule

Tests: 1st Test Jan 5-9, Cape Town; 2nd Test Jan 13-17, Centurion; 3rd Test Jan 24-28, Johannesburg

ODIs: 1st ODI Feb 1, Durban; 2nd ODI Feb 4, Centurion; 3rd ODI Feb 7, Cape Town; 4th ODI Feb 10, Johannesburg; 5th ODI Feb 13, Port Elizabeth; 6th ODI Feb 16, Centurion

T20Is: 1st T20I Feb 18, Johannesburg; 2nd T20I Feb 21, Centurion; 3rd T20I Feb 24, Cape Town

Last 10 NBA champions

2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
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2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2

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Director: Shady Ali
Cast: Boumi Fouad , Mohamed Tharout and Hisham Ismael
Rating: 3/5

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The National's picks

4.35pm: Tilal Al Khalediah
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The Baghdad Clock

Shahad Al Rawi, Oneworld

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

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What are the main cyber security threats?

Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
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If you go

The flights

Emirates flies from Dubai to Seattle from Dh5,555 return, including taxes. Portland is a 260 km drive from Seattle and Emirates offers codeshare flights to Portland with its partner Alaska Airlines.

The car

Hertz (www.hertz.ae) offers compact car rental from about $300 per week, including taxes. Emirates Skywards members can earn points on their car hire through Hertz.

Parks and accommodation

For information on Crater Lake National Park, visit www.nps.gov/crla/index.htm . Because of the altitude, large parts of the park are closed in winter due to snow. While the park’s summer season is May 22-October 31, typically, the full loop of the Rim Drive is only possible from late July until the end of October. Entry costs $25 per car for a day. For accommodation, see www.travelcraterlake.com. For information on Umpqua Hot Springs, see www.fs.usda.gov and https://soakoregon.com/umpqua-hot-springs/. For Bend, see https://www.visitbend.com/.

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  • Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
Updated: May 28, 2024, 7:31 AM`