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Politics · 5 hours ago

Burnham to scrap pension triple lock, saving £15bn a year by 2030s

Burnham to scrap pension triple lock, saving £15bn a year by 2030s

Andy Burnham plans to introduce legislation during the current parliamentary session to abolish the state pension triple lock, with the assurance staying in place until 2030. The change adjusts the earnings element to prevent large pension increases when wages spike. The money saved by this alteration will contribute to establishing a national care service in England, accessible without charge.

Reported by The Guardian · How we write briefs

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What's the pension saving? What's the 'triple lock'? What is the triple lock?

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