GE2019: Labour and Lib Dems reveal pension and tax policies

Race to Downing Street turns to income tax and social care

The 2019 General Election takes place on 12 December and within the past 24 hours, both the Liberal Democrats and Labour have released their party manifestos.

Triple lock The Liberal Democrats have pledged to maintain the triple lock - a policy that ensures the basic state pension will rise in line with the highest of wages, Consumer Prices Index inflation, or 2.5%. AJ Bell senior analyst Tom Selby described this as "an easy political win" from a party keen to shore up the 'grey-vote'. Labour too pledged to maintain the triple lock, as was its policy in the previous General Election. Taxation According to Labour's manifesto, those earning more than £80,000 will pay "a little more" in income tax, while those beneath the thresh...