Quote:
Originally Posted by Taf
Many Benefits frozen, some reduced, other (April) increases tied to inflation rates 6 months before (October). In reality many are getting poorer and poorer as the real cost of living of staples is much higher, especially rent, poll tax, utilities and fuel.
The triple lock increase rate seems generous, but it is actually outstripped by actual inflation and not the magical figure that appears in October.
|
The increases have to be set at one point in time. Whatever that time is, there will be increases in food costs etc ahead of that. Any past increase in inflation still feeds into the increases next time around.