Published 6 hours ago • loading... • Updated 1 hour ago
Burnham says he will end pensions triple lock from 2030 to help fund national care service
On Tuesday, Prime Minister Andy Burnham announced at the Labour Party conference in Liverpool that the state pension triple lock will be adjusted from April 2030 to fund a National Care Service, while remaining unchanged through this Parliament.
Burnham said the reform will generate 'significant savings' to fund a new National Care Service free at the point of use, addressing what he called a 'broken' social care system requiring immediate action.
From April 2030, state pensions will rise annually by CPI inflation or 2.5%, whichever is higher, removing the link to average earnings. Burnham pledged that low-income pensioners will not pay income tax during this Parliament.
Acknowledging he may 'pay a political price,' Burnham described the change as necessary leadership. First Minister John Swinney criticized the move as 'getting off on the wrong footing,' claiming it punishes pensioners unfairly.
Beyond pensions, Burnham unveiled a radical agenda including electoral reform and public control of water companies. He told delegates, 'We need to be bigger and have the courage of our convictions' to reshape Britain.
The British Labour Party is trying to take advantage of the few bullets left in the chamber to ensure its continuity in the leadership of the government beyond the next general elections, scheduled for 2029. Prime Minister Andy Burnham presented Tuesday his recipes to regain the confidence of voters after two years in which his predecessor, Keir Starmer, has been unable to generate illusion and inject optimism. Burnham has opted for greater stat…