TV licence fee to be scrapped by 2027: ‘Great news for vulnerable people’ | Personal Finance | Finance

It has been reported that this will see the TV licence fee being completely abolished.

This news has come during a time of intense financial insecurity for pensioners, as the suspension of the triple lock will see them missing out on a potential eight percent increase in state pension. 

The state pension was due to increase in April, with the triple lock it would’ve risen in line with wage increases, however, the Government argued that these numbers were not realistic due to the pandemic and so state pension will be rising in line with inflation instead. 

This is under the double lock mechanism and although it will still see the state pension rise, many pensioners have not been thrilled.