An economist has highlighted a “big plus” of a tax break policy put forward by the Conservatives that could save state pensioners £300 a year in taxes.

The Tories have set out plans for a ‘triple lock plus’, with the personal allowance for state pensioners to increase each year using the triple lock metric.

Julian Jessop, economics fellow at the Institute of Economic Affairs, said a “big plus” of the policy is “poorer retirees living just on the state pension won’t pay income tax”.

The full…