Burnham says he will end pensions triple lock from 2030 to help fund national care service
- Andy Burnham said the pension triple lock will change from April 2030, after Labour’s current commitment to leave it unchanged ends.
- Under the planned double lock, state pensions would rise by at least inflation or 2.5%, while the earnings link would be removed.
- Burnham said the savings would help establish a National Care Service in England that is free at the point of use.
- The Institute for Fiscal Studies called removing the earnings link a “major and welcome change,” while Age UK warned about older people’s financial security.
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Snap poll suggests public supports scrapping triple lock to fund national care service - Left Foot Forward: Leading the UK's progressive debate
Burnham's flagship announcement seems to be popular The post Snap poll suggests public supports scrapping triple lock to fund national care service appeared first on Left Foot Forward: Leading the UK's progressive debate.
PM Burnham unveils divisive plan to change UK pensions
UK Prime Minister Andy Burnham on Tuesday unveiled contentious plans to reform Britain's state pensions system from 2030, a politically perilous move likely to spark intense pushback. In a keynote speech at his ruling Labour party's annual conference, Burnham vowed to end the so-called "triple lock" guarantee to help fund a "landmark" new national care service. The current guarantee sees the annual pension increase by the amount whichever is hig…
'I May Pay a Political Price': Burnham To End Pension Earnings Link in 2030 To Fund Care Plan
Andy Burnham says Labour would change the state pension triple lock from 2030, potentially saving £15 billion annually by 2040 to help fund a free national care service in England.
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