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Considering the ~£2.5tn state pension deficit this seems to be a mighty bold move.
Edit:
My bad, its more than that.
The latest numbers show that the UK has accrued pension liabilities of £7.6 trillion – rights that have been built up in the past but not yet paid. There are assets of around £2.7 trillion invested to cover that bill so the shortfall is c£5 trillion. The biggest chunk of this is the State Pension which accounts for (currently) £4 trillion of the total.
Stonehedge-
Also from the Chancellor today:
On wages, Rishi Sunak told Cabinet they had "a responsibility to not take any action that would feed into inflationary pressures or reduce the Government's ability to lower taxes in the future".
Boris Johnson's spox: "The Prime Minister does pretty much agree with that".
https://twitter.com/PippaCrerar/status/1539211960444657665
Get the pensioners back on side, increases bosses pay, get business back on side, cut taxes despite asking everyone to have a real terms pay cut, red meat all around ahead of an election it would seem
greentricky
They must be preparing for an election, triple lock to be brought back i.e. 10% rise in the state pension
https://twitter.com/JosephineCumbo/status/1539165889785999360