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The Independent UK
The Independent UK
National
Karl Matchett

Will Burnham remove the pension triple lock to fund a national care service?

  • Andy Burnham has been urged to scrap the state pension triple lock to help fund a proposed national care service costing an estimated £18bn a year.
  • Reforming or removing the triple lock could save up to £22bn by 2030, according to former work and pensions secretary Lord Blunkett.
  • Former chief secretary Darren Jones suggested reallocating triple lock funds could be a viable route to finance social care for older people.
  • The state pension is set to increase by 3.9 per cent next year based on wage growth, representing a rise of nearly £500.
  • Defence secretary Wes Streeting reiterated that the government remains committed to its manifesto pledge to maintain the triple lock.

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