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International Business Times UK
International Business Times UK
National
Jujemay Awit

Burnham Under Pressure to Axe Pension Triple Lock to Fund Social Care: Is It Electoral Suicide?

File photo of an elderly group of friends taking a selfie: Prime Minister Andy Burnham is reviewing the triple lock pension on whether it needs to be scrapped to fund social care (Credit: Alena Darmel/Pexels)

Andy Burnham is expected to address the future of the triple lock pension today, a politically sensitive issue that could have significant implications for his government. Economists have warned that the system creates high and uncertain costs for the future, while others say scrapping it could amount to electoral suicide.

The Prime Minister is expected to address the issue on Tuesday, 29 September, the third day of the four-day Labour Party annual conference at ACC Liverpool. According to the Telegraph, Burnham is expected to say that the triple lock is not working in its current form and suggest that it should be reviewed in the party's next manifesto.

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