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Mr Hall grilled Mr Johnson over the decision stating it would have been a good opportunity to address the shortfalls in the UK’s pension scheme. <\/p>\n
He told the PM: “You’re breaking your manifesto promises to pensioners by not raising savings in line with earnings.<\/p>\n
“Aren’t you missing a historic opportunity to improve what is one of the worst pensions in Europe?<\/p>\n
“Haven’t pensioners got a right to feel betrayed and aren’t you effectively robbing them of £7 a week?”<\/p>\n
Pensions triple lock scrapped for millions of Brits<\/h3>\n
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Mr Johnson rejected the accusation and said: “First of all can I congratulate the Express for the campaigns you run on behalf of pensioners.<\/p>\n
“I think that they’re quite and we will always stand up for pensioners in this country…<\/p>\n
“What we’re trying to deal with is a statistical freak caused by the pandemic so one of the data in the triple lock jazzed up and down again very sharply with a weird effect on pensions. <\/p>\n
“Pensioners will still get 2.5 percent and be protected against the rise of living.”<\/p>\n
Mr Sunak then pointed out the measures were only temporary and hoped the public could understand why they have made the decision. <\/p>\n
According to data from the Organisation for Economic Co-operation and Development (OECD), the UK has one of the worst pensions in the developed world. <\/p>\n
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In 2018, the UK Government pays out 29 per cent putting it at the bottom of a table which is led by the Netherlands, which pays 100.6 percent.<\/p>\n
The average across the OECD is 62.9 per cent.<\/p>\n
However, comparisons between different countrys’ pension schemes is difficult as the different schemes provide benefits and subsidies which are not included in the total monetary amount. <\/p>\n
For example, the full basic State Pension is £175.20 per week but this does not include free NHS prescriptions, travel and other benefits in the UK which may bump the pension higher than other countries.<\/p>\n