Alex Clegg

Yeah, I think, can I say, can I talk about Dripalock? Yeah, please do.

Like, I think it's just, you know, one thing, so Ruth and a colleague, Alex Clegg, wrote a really good piece about Dripalock recently, so I might just bang the drum on that.

I think that the thing that is like particularly bad about Dripalock is like, in these long term projections, They're all sort of steady state, and so there's a fixed wedge between how fast the state pension gets separated and earnings growth.

But actually, that kind of undersells the madness of the problem, is that the value of the triple lock, the cost of the triple lock and the value of the state pension is kind of proportional to economic volatility.

There is still not a full understanding of how much is this rise due to moral health, is it due to the relative generosity of bits of the system, is it due to any other things, telephone interviews versus face-to-face.

the the risk of like doing something and discovering that actually even more people are eligible and the problem is fundamental rather than the system I just it is I mean obviously they're reviewing it in very great detail and that seems to be sensible Income tax was the other one.

So one of my colleagues gave a talk on what he saw as the way the fiscal challenge is a choice at the moment.

And the indicator he used on that was just think of the basic rate of income tax.