Published • loading... • Updated
Burnham Signals Triple Lock Reform Could Help Fund Social Care
The proposal could save up to £22 billion by 2030, according to Lord David Blunkett, while Labour says any change would wait until the next election manifesto.
- On Tuesday, Prime Minister Andy Burnham proposed reviewing the state pension triple lock for Labour's next manifesto to help fund a proposed £18 billion-a-year NHS-style national care service.
- The Institute for Fiscal Studies estimates maintaining the triple lock could add up to £40 billion annually to public spending by 2050, fueling debate over the policy's long-term sustainability.
- Defence Secretary Wes Streeting insisted on Tuesday that Labour remains committed to the manifesto pledge to retain the triple lock for the current Parliament, with no changes planned before 2029.
- Unite general secretary Sharon Graham warned that scrapping the triple lock would be "electoral suicide," urging the government to pursue wealth taxes instead of reducing pensioner support.
- Ahead of the October 28 Budget, Labour faces pressure to balance fiscal sustainability with its manifesto promises, as policymakers weigh social care funding needs against pension guarantees.
Insights by Ground AI
Podcasts & Opinions
62 Articles
62 Articles
The British Prime Minister announces the removal of the mechanism that guarantees automatic pension increases despite the unpopularity of a decision that experts consider "a political suicide"
·Pozuelo de Alarcón, Spain
Read Full Article
lancashiretelegraph.co.ukReposted by 
burytimes.co.uk
burytimes.co.ukCould the state pension triple lock be changed in the Budget?
The state pension triple lock is facing renewed pressure ahead of the October Budget. Here's what could happen to pension increases and why the…
·Blackburn, United Kingdom
Read Full Article
Coverage Details
Total News Sources62
Leaning Left8Leaning Right7Center30Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 18%
C 67%
15%
Factuality
To view factuality data please Upgrade to Premium
