Tax Internet operators aim to ease the plight of retirees | Personal finance | Finance


Campaigners have argued that a tax on huge profits made by the giants, often through complex global tax schemes, would fund a bigger rise in the state’s basic pension next year.

The government scrapped the triple lockdown this year, meaning basic state pensions and benefits rose just 3.1% from April, rather than the runaway inflation rate of 9% .

Ministers have promised to restore the reckoning next April, but campaigners have said pensioners should be compensated for this year’s heavy deficit.

The poll of 1,285 members found that an overwhelming majority felt government assistance was insufficient.

An almost unanimous 99% want the pension increased now. And 96% said it would need to rise in April by well over the triple-lock rate to catch up.

The poll also revealed how the cost of living crisis is hitting seniors.

9 in 10 said they were worried about how they would cope with rising prices, while 8 in 10 said they or their family had cut back on essential expenses.

Manager Dennis Reed said: “The response to this crisis is to raise the pension to the level that would have been provided if the triple lock had not been suspended this year.

“It could be funded by an ‘Amazon tax’ on giants making obscene profits while millions suffer.”

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