Burnham says he will end pensions triple lock from 2030 to help fund national care service
The plan would save about £15 billion a year by 2040, according to government estimates, and shift funding toward free social care.
- On Tuesday, Prime Minister Andy Burnham announced plans to create a National Care Service and reform the state pension triple lock by 2030 during his Labour Party Conference speech in Liverpool.
- Burnham's proposals stem from personal experience: his late father, Roy Burnham, suffered from Alzheimer's disease, and his grandmother, Kitty, lost her home and assets to pay for care costs.
- During the 52-minute address, Burnham paused for over 30 seconds after referencing his father, drawing sustained applause. The proposed triple lock reform removes the link between state pension increases and average earnings from 2030.
- While critics including Tory leader Kemi Badenoch claimed the plans do "nothing to fix Britain's long-term problems," supporters suggest a universal care service could prevent pensioners from selling homes to fund care.
- The Government has not yet provided full details on the National Care Service, leaving pensioners to weigh potential care savings against slower pension growth from 2030 onward.
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180 Articles
Prime Minister Andy Burnham's speech at the Labour Congress on Tuesday touched the heart of the British. Friends and foes describe the speech full of radical plans as a “historic moment”. Not the sadness about his father Roy, but Burnham's vision to get the UK back on its feet, in particular, garnered awe.
Will pensioners be poorer as a result of Burnham scrapping the triple lock?
The UK prime minister has announced scrapping the state pension triple lock from 2030, replacing it with an adjusted version to help fund a national care service and raise approximately £15bn annually by 2040.
The British Labour Party has revived under the leadership of Andy Burnham. During the annual party conference in Liverpool over the past few days, there was an exuberant atmosphere. This was particularly evident during Burnham's speech, which was full of ambition and laced with emotion. His fellow party members relished it. The ovations were reminiscent of the heyday of New Labour under Tony Blair.
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