Stories

Mon, 28 Sep 2026

Mon, 28 Sep 2026 Why the PM could finally drop the triple lock pension pledge

Andy Burnham said that he would make tough decisions to fund a new national care service.

* Labour's Andy Burnham has suggested introducing a new national care service, funded by changes to the pension system.
* Chancellor John Healey hinted that the government is considering reforming the triple lock policy.
* The policy is costing £15.5bn per year and could be changed to save tens of billions in the long run.
* Scrapping or modifying the triple lock would require a mandate from voters, potentially as part of Labour's next general election manifesto.
* Some experts believe that reforming the pension system is essential for Britain's economic policy at a time when government borrowing costs are high.
* Others argue that the policy is unsustainable economically but impossible to unpick politically.