US EditionReform to back pensions triple lock despite Farage’s scepticism
Nigel Farage said the party will fund the pledge with billions of pounds in welfare cuts, despite warnings that the policy costs £15.5 billion a year by 2030.
- Nigel Farage is expected to commit Reform UK to the pension triple lock as a key manifesto pledge ahead of next month's local elections, ensuring state pensions rise annually by the highest of inflation, earnings, or 2.5 per cent.
- This strategic shift targets older voters, as polling by YouGov last year found 86 per cent of over-65s support the triple lock, prompting Reform sources to claim backing it could "kill off" the Tories in May.
- Party economics spokesman Robert Jenrick previously backed the policy for providing "dignity and security to older people," contrasting with Nigel Farage's past concerns that the triple lock was "unaffordable on a national level."
- Separately, Kemi Badenoch said the Tories "created the triple lock and we stand by it," though the Office for Budget Responsibility projected last year that maintaining the policy would cost £15.5 billion annually.
- Approximately a third of Reform voters are over 65, and the full state pension is now worth approximately 14 per cent more than it would have been if it had followed average earnings growth since 2011.
13 Articles
13 Articles
What Reform means for your pension - and the future of the triple lock
Almost every major political party in Britain now backs the triple lock – the guarantee that your state pension rises each year by at least 2.5 per cent. Reform UK confirmed it was formally committing to the policy if it wins the next general election after much speculation that Nigel Farage would pledge to scrap or change the mechanism. It came alongside hints of sweeping welfare cuts and a review of public sector pensions that could affect…
Farage slammed over pledge to keep ‘unsustainable’ triple lock pension
Nigel Farage’s Reform UK has come under fire after committing to maintaining the triple lock pension, the financial mechanism that ensures pensioners’ earnings are increased by whatever is higher out of inflation or wage growth even in times of economic crisis. In a press conference ...
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