Intergenerational fairness: Committee publishes Government response

• Intergenerational fairness: Government Response to the Committee's Third Report of Session 2016-17
• Intergenerational fairness: Government Response to the Committee's Third Report of Session 2016-17 (PDF 142KB)
• Inquiry: Intergenerational fairness
• Work and Pensions Committee

Chair's comment

Frank Field MP, Chair of the Work and Pensions Committee said:

"We will continue to press for cross-party consensus on the replacement of the triple lock after 2020. The Government is right to say pensioner benefit spending has dipped slightly as a share of GDP, as accelerated increases in the state pension age have kicked in; but official projections show that, without reform, it will rise relentlessly from that point. The triple lock has been valuable but it is unsustainable. The Committee has recommended an alternative which would maintain pensioners' living standards and protect them from the effects of inflation."

OBR projection of state pension expenditure, % of GDP

Further information

• About Parliament: Select committees
• Visiting Parliament: Watch committees

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