Burnham vows to end existing pension triple lock in 2030 to help fund care
UK Prime Minister Andy Burnham has announced plans to end the state pension triple lock by 2030 to fund a new national care service. The proposal aims to generate savings by removing the automatic link between pension increases and average earnings.
Why it matters
This represents a significant shift in UK social policy that could impact millions of retirees and redefine the government's approach to funding social care.
Image source, Reuters By Richard Wheeler Political reporter Published 1 hour ago Andy Burnham has set out his plan to transform Britain, including by ending the existing state pension triple lock from 2030 to help fund a new national care service.
In his first Labour Party conference speech as prime minister, Burnham also said he wants to pave the way for greater public control over housing, water and energy services, and potentially reform the UK's electoral system.
After days of questions over how to fund his social care reforms in England, Burnham pointed to changing the triple lock to generate "significant savings".
His plans would see the state pension increase every year at least by inflation or 2.5% - but remove the automatic annual link with average earnings.
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