Sunak prepares to break 'triple lock' state pension pledge
British finance minister Rishi Sunak is planning to break the Conservative Party's "triple lock" state pension pledge, the Financial Times reported, saying the Treasury fears the policy may become unaffordable due to the economic fallout of the coronavirus outbreak.
According to the triple lock pledge, state pension goes up by whichever is higher- wages, inflation or 2.5%.
“I am using the term “box tickers” to refer to employees who exist only or primarily to allow an organization to be able to claim it is doing something that, in fact, it is not doing.”
― David Graeber, Bullshit Jobs: A Theory