The Conservative Party is set to unveil a new plan for pensioners in a bid to boost their incomes with a “triple lock plus” pledge.
If the Tories are elected, the deal would guarantee that the basic state pension rises by the highest rate of inflation or 2.5 per cent, whichever is the largest increase.
The move comes after criticism hit Chancellor Jeremy Hunt’s decision to cut national insurance as state pensioners did not benefit from the cut because they do not pay national insurance.
Labour will also try to pitch to voters with shadow chancellor Rachel Reeves expected to tell business leaders that, having brought business back to Labour, the party can now “bring growth back to Britain”.
In a bid to demonstrate the shadow chancellor can be trusted with the economy, the former BoE analyst is expected to stress the need for a partnership with business, government and workers.
Her remarks come after Labour faced a backlash over an apparent rebranding of its “New Deal for Workers”, with Britain’s largest trade union Unite warning that the party must “stick to its guns” on workers’ rights.
