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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, British Prime Minister Andy Burnham announced the state pension triple lock will be adjusted from April 2030, transitioning to a double lock rising by inflation or 2.5%.
Burnham said these modifications will generate 'savings' to fund his proposed National Care Service, which could cost up to £18 billion per year to protect low-income pensioners from care charges.
The Prime Minister pledged to honour the party's manifesto commitment to keep the triple lock unchanged throughout the current Parliament, which he said would 'take the state pension to a record high' before the 2030 adjustment.
Recipients relying solely on the state pension will face no income tax until 2030, while the new care system will eliminate charges for low-income pensioners currently struggling with costs from their limited income.
Beyond pensions, Burnham called for a 'fundamental rethink' of the welfare system to address young people 'drifting' into benefits, while reiterating plans for new academic and technical pathways from 14.

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