Comment on the Election
When Theresa May dared to withdraw the Conservative commitment to the triple lock and Jeremy Corbyn’s team promised to make pensioners even better off, it looks like the grey vote has upset the best laid plans and voted for the party offering the best terms for them. All in the same year that pensioner households income exceeded the level for working-age families for the first time ever. For a Tory Party trying to keep the deficit down, it might be impossible to reach a balance with a Labour Party that pledged higher pensions for all irrespective of the fact that the costs could rise dizzily out of control. This will just add more to the national debt but, I suppose that the pensioners have the luxury of only having to consider the short term view as they will be long gone before the austerity begins to bite on their children’s and grandchildren’s income.