Burnham says he will end pensions triple lock from 2030 to help fund national care service
The change would remove the earnings link from state pension increases and is expected to save about £15 billion a year by 2040, officials said.
- On Tuesday, September 29, 2026, Prime Minister Andy Burnham announced the state pension triple lock will be adjusted from April 2030, removing the automatic link to average earnings in favor of inflation or a 2.5% minimum increase.
- Aiming to fund a new National Care Service, Burnham described the reform as a 'landmark policy as significant as the creation of the NHS itself,' to be delivered free at the point of use.
- Government estimates suggest the change could yield approximately £15 billion annually by 2040, while the revised system ensures pensions rise by inflation or 2.5% to maintain value relative to earnings.
- Unite general secretary Sharon Graham criticized the proposal as 'morally wrong,' arguing ministers should have 'pulled another lever' to fund the service rather than changing the triple lock.
- Commitments in the 2024 manifesto ensure the triple lock remains unchanged until the next election, when Burnham vowed to present the 2030 reforms to voters for democratic approval.
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Plans to tamper with the pension triple lock might not be as dangerous for Labour as some believe
When Prime Minister Andy Burnham told the Labour conference that he is going to change the state pension’s triple lock mechanism, the backlash was immediate. For 15 years, the triple lock has been one of the few genuinely untouchable policies in British politics. Sharon Graham, general secretary of the Unite union, warned that Burnham’s plans could amount to “electoral suicide”. And Reform UK’s leader, Nigel Farage, said the prime minister was c…
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Burnham should follow triple lock reforms with more boldness on other fiscal problems
Burnham should follow triple lock reforms with more boldness on other fiscal problems ellie.slee.lamb Thu, 01/10/2026 - 16:22 The PM is right to reform the pensions triple lock. 4 Comment Thomas Pope Institute for Government Yes Public finances Economy Public spending Party conferences Burnham government No As part of his first conference speech as prime minister, Andy Burnham announced the reform of the triple lock on pensions from 2030.The …
Algemeen Dagblad
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.
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