On the radio this morning, a campaigner from the Child Poverty Action Group had an ‘emperor’s new clothes’ moment. Why not, she said, treat the young like the old. If the Tories insisted on having a ‘triple lock’ on pension benefits for the elderly, which guaranteed that the state pension must increase every year by whatever target was the highest – inflation, average earnings or a minimum of 2.5 per cent – why not put a triple lock on the benefits of poor families. The state would then treat the young like the old, and subsidise the future as it subsidises the past.
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