"Reform UK has stated it would cut the benefits bill by billions of pounds to offset the cost of keeping the triple lock on state pensions if in power."
"Farage mentioned that the most decisive reason for keeping the triple lock was a plan to announce the biggest cuts to the benefits bill ever seen in the history of this country."
"Jenrick acknowledged how big of a commitment retaining the triple lock would be in government, but he is confident the savings found would cover the increase in public spending."
"The party has already identified ways to save £40 billion and plans to cut billions in welfare payments, targeting individuals who recently arrived or are in the country illegally."
Reform UK intends to keep the triple lock on state pensions, which ties pension increases to inflation, wages, or a minimum of 2.5%. The party acknowledges the financial pressure this policy places on public finances, with costs projected to reach £15.5 billion by 2030. Party leader Nigel Farage stated that the decision to retain the triple lock is supported by plans to implement the largest cuts to the benefits bill in UK history. Treasury spokesman Robert Jenrick claims to have identified savings of £40 billion to cover the costs associated with the triple lock.
Read at www.bbc.com
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