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Burnham says he will end pensions triple lock from 2030 to help fund national care service
The move would save around £15bn a year by the end of the 2030s, officials said, and would help fund a free national care service.
- Prime Minister Andy Burnham said Labour would change the state pension triple lock from April 2030, ending increases linked to average wages while retaining increases tied to prices or 2.5%.
- Burnham said savings from the change would help fund a National Care Service that is free at the point of use and paid for through taxation.
- He said Labour would keep the triple lock unchanged during the current Parliament and would follow its fiscal rules without increasing borrowing.
- Burnham said the wider programme would be funded through welfare and pension changes, while acknowledging the reform could carry political costs.
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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…
Coverage Details
Total News Sources158
Leaning Left24Leaning Right14Center66Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 23%
C 63%
14%
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