Closed petition Suspend the Pension Triple Lock and spend any savings on children’s education.

Closed on 28 December 2021

Huge sacrifices made by children during the pandemic have been principally for the benefit of the elderly. It’s time to redress the balance. If Mr Sunak can find an extra £4 billion to fund a pension increase, he should instead give it to those who need it most by investing in children's education.

The Pension Triple Lock has caused the state pension to rise by 15% more than inflation & average earnings. In 2021, due to pandemic-related wage anomalies, an 8% pension rise will cost £4bn (according to the NIESR). During the pandemic children have suffered emotionally and educationally. Many families have endured greatly reduced incomes whilst pensions have risen. Government advisers recommended a £15bn catch-up fund. Government put forward £1bn (just £50 per pupil). More is needed!