The Government needs to explain how it will fund the abolition of National Insurance contributions, Labour’s Shadow Education Secretary Bridget Phillipson has said.
She told GB News: “I'm really concerned that in the last budget they opened up a £46billion black hole…what they are talking about is their long-term plan to abolish National Insurance contributions.
“We all know that National Insurance contributions are an important part of how people's state pension is calculated and I think pensioners have every right and pensioners into the future should be really concerned about what the Conservatives have got in store.
“This is an unfunded commitment. They've had more than 50 days now since they announced this to set out their plan for how they're going to pay for it, and they have failed to do so.
“I think it's just reckless and cavalier and is the very worst of what we saw under Liz Truss when she was Prime Minister.”
In a discussion with Eamonn Holmes and Isabel Webster, she added: “It's really important that pensioners have got dignity and a good standard of living when they're in retirement.
“That was the record of the last Labour government in terms of lifting pensioners out of poverty…we are clear that we will maintain the triple lock.
“That is important for workers who are coming through and who will have a good pension into retirement as well as for today's pensioners.
’It's within the government's baseline so they have already accounted for this within their plans. We intend to maintain it.”
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