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Letters from 11/01/17
UK Chancellor Philip Hammond MP has recently been quoted as predicting that after 2020 it will no longer be possible to maintain the 'triple lock' on state pensions. This is the commitment that annual pension increases will be determined by the highest of - price inflation, earnings growth and 2.5%. It is easy to understand the Chancellor's prediction when we consider the obscene amounts of our money being spent by the UK Government - whilst we remain part of the Union - on 'vanity' projects such as renewing nuclear weapons that can never be used and on pursuing military adventures around the world in a vain attempt to pretend that we are still a 'world power'.