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Burnham Signals Triple Lock Reform Could Help Fund Social Care
The IFS says the state pension costs about £154 billion a year, and critics argue the policy adds uncertainty to future public spending.
- Prime Minister Andy Burnham is expected to outline plans for free social care in England and discuss reforming or reviewing the state pension triple lock.
- The triple lock raises pensions by the highest of inflation, wage growth, or 2.5%, and changing it could help fund social care.
- Lord David Blunkett said changing the triple lock could save the government up to £22 billion by 2030.
- Labour remains committed to the triple lock, while critics have warned that scrapping it could harm pensioners and damage Labour electorally.
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Conservatives and Reform reiterate support for pensions triple lock
The Conservatives and Reform UK have both restated their support for the pension triple lock, after Andy Burnham announced plans to change it from 2030 to help fund a National Care Service. Conservative Party chair Kevin Hollinrake said keeping the triple lock was the party’s plan, while Reform UK leader Nigel Farage said his party […]
·London, United Kingdom
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The British Prime Minister announces the removal of the mechanism that guarantees automatic pension increases despite the unpopularity of a decision that experts consider "a political suicide"
·Pozuelo de Alarcón, Spain
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lancashiretelegraph.co.ukReposted by 
burytimes.co.uk
burytimes.co.ukCould the state pension triple lock be changed in the Budget?
The state pension triple lock is facing renewed pressure ahead of the October Budget. Here's what could happen to pension increases and why the…
·Blackburn, United Kingdom
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Coverage Details
Total News Sources63
Leaning Left9Leaning Right7Center30Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 20%
C 65%
15%
Factuality
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