The Isle of Man is scrapping its version of the triple lock on pensions due to affordability concerns, affecting residents who reached state pension age after April 5, 2019. The change introduces a watered down version of the UK’s state pension triple lock, with treasury minister Dr Alex Allinson emphasizing that increased contributions should not burden workers and businesses. In contrast, UK Conservative leader Kemi Badenoch suggested means-testing the UK’s triple lock, sparking criticism from Labour opponents, who argue that starting with means testing is not the solution to the pension fund problem.
Full Article
US states send delegates to EU for advice on green policy
US states, primarily Democratic but bipartisan in their delegations, are engaging with EU officials in Brussels to discuss climate policies, particularly carbon pricing, amid the Trump administration's opposition to green initiatives. This collaboration aims to strengthen emissions trading systems and promote decarbonization, with states like California and New York actively pursuing their own climate strategies. Need More Context? 🔎
Read more