⏱️ EXPLAINER: What does the Conservative's 'triple lock plus' announcement mean? And what's the context around tax and the state pension? @PJTheEconomist explains. Read our analysis: https://t.co/AQlrT4KtLTpic.twitter.com/K1PovgNilx
— Institute for Fiscal Studies (@TheIFS) May 30, 2024
Authors
Director
Paul has been the Director of the IFS since 2011. He is also currently visiting professor in the Department of Economics at University College London.
Explainer details
- DOI
- 10.1920/ex.ifs.2024.0026
- Publisher
- Institute for Fiscal Studies
Suggested citation
Johnson, P. (2024). What does the Conservative's 'triple lock plus' announcement mean? And what's the context around tax and the state pension? [Explainer] Institute for Fiscal Studies. Available at: https://ifs.org.uk/articles/what-does-conservatives-triple-lock-plus-announcement-mean-and-whats-context-around-tax (accessed: 2 November 2024).
Grant
Related documents
More from IFS
Understand this issue
Is Labour's inheritance really worse than expected?
30 July 2024
What does the Budget mean for the UK?
We discuss the Chancellor's first Budget and what impact the changes could have.
31 October 2024
How can Rachel Reeves make her first Budget a success?
We’re look at some of the challenges facing the Chancellor and what she can learn from previous Budgets.
24 October 2024
Policy analysis
Autumn Budget 2024: IFS analysis
At this online webinar IFS researchers presented their initial response to new Chancellor Rachel Reeves' first Budget.
Share of deaths subject to inheritance tax
By 2029–30, the share of deaths liable for inheritance tax is forecast to rise to reach its highest level in over 50 years.
31 October 2024
Debt interest spending as a share of national income
Forecast debt interest spending has once again been revised up.
31 October 2024
Academic research
Hidden redistribution in lifetime earnings: the role of differential mortality
Life expectancy gaps between gender and income groups are large and generate notable implicit redistribution in lifetime earnings via pension systems.
9 October 2024
Very weak income growth for poor pensioners has meant rising pensioner poverty since 2011
19 July 2024
The effect of tax incentives on retirement saving
This paper estimates the responsiveness of retirement saving to tax incentives for employees in Great Britain.
15 October 2024