£770 boost to 18,410 pensioners in #Peterborough

18,410 pensioners living in Peterborough will receive at least an extra £772 per year under the Liberal Democrat policy to protect the ‘triple lock’ for state pensions. Peterborough has over 4,500 more people, receiving state pensions than neighbouring Cambridge, according to figures from the Office for National Statistics. Thanks to the triple lock guarantee, secured by the Liberal Democrats when they were in government, the basic state pension has risen in each year by whichever is the higher of earnings, prices or a rate of 2.5%. However, the Conservatives have refused to guarantee whether the triple lock will continue, raising fears it could be scrapped. By keeping the triple lock,[…]

Lib Dems WILL abolish NI contributions for anyone earning below £12,500 a year!

As reported in the national media, the Liberal Democrats plan to cut national insurance contributions even further, for anyone earning below £12,500 a year. The Lib Dems will promise in their general election manifesto to raise the level at which workers start to pay national insurance contributions. Employees currently start paying national insurance on earnings above £153 a week, or £7,956 a year, at a rate of 12%. The Lib Dems, who will beat the goal set out in their 2010 manifesto to raise the personal income tax allowance to £10,000 in this parliament, have already indicated that they will pledge to raise it to £12,500 by 2020. Danny Alexander[…]