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Burnham says he will end pensions triple lock from 2030 to help fund national care service
- On Tuesday at the Labour Party conference in Liverpool, Prime Minister Andy Burnham announced the state pension triple lock will be 'adjusted' from April 2030, replacing the earnings link with a double lock capping increases to inflation or 2.5%.
- Generating 'significant savings' for a new National Care Service remains Burnham's primary goal. He vowed the system will be 'free at the point of use,' ensuring low-income pensioners avoid care charges and income tax during this Parliament.
- According to the Institute for Fiscal Studies, the triple lock currently adds around £16 billion annually to state pension spending compared to earnings-linked alternatives. Officials insisted the new double lock will maintain pension value relative to earnings over time.
- Critics swiftly denounced the policy, with Unite union general secretary Sharon Graham warning that scrapping the triple lock amounts to 'electoral suicide.' Scottish First Minister John Swinney argued Burnham is 'getting off on the wrong footing.'
- Burnham framed the National Care Service as a 'landmark policy' comparable to the 1945 Labour government's creation of the NHS. His radical agenda also includes plans for public control of water companies, signaling a fundamental shift in party strategy.
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Gazette-News+3 Reposted by 3 other sources
Pensioners have their say on PM's proposed change to state pension
Pensioners react to Andy Burnham’s plan to replace the state pension triple lock with a double lock after April 2030, funding social care savings in UK.
·Colchester, United Kingdom
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British Prime Minister Burnham announced comprehensive political reforms at Labour's party congress to reduce the cost of living in the long term and to redefine the social system by Lisa-Maria Röhling.
·Hamburg, Germany
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Coverage Details
Total News Sources91
Leaning Left10Leaning Right8Center53Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
14%
C 75%
11%
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