Story perspectives

Burnham Drops Pension Triple Lock Earnings From 2030

By Drooid · Oct 1, 2026, 2:05 PM UTC · How we work

Summary

Story summary

Prime Minister Andy Burnham announced the earnings element of the state-pension triple lock will be dropped from April 2030.
He said the change will generate savings for a national care service.
He introduced Great British Grid, a publicly owned company to increase competition and accelerate electricity network connections.
He said a national commission will examine alternatives to first-past-the-post voting.
Scottish First Minister John Swinney criticised the triple-lock change as harmful to pensioners.

History

Historical Context

In April 2011 the UK adopted the ‘triple lock’, guaranteeing State Pension rises by the highest of earnings growth, CPI inflation or 2.5 %. The lock cost £2 billion in 2015-16, a 4 % rise in outlays. Labour mayor Andy Burnham now proposes dropping the earnings element from 2030, reviving earlier efforts to curb pension spending.

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Story summary

Prime Minister Andy Burnham announced the earnings element of the state-pension triple lock will be dropped from April 2030.
He said the change will generate savings for a national care service.
He introduced Great British Grid, a publicly owned company to increase competition and accelerate electricity network connections.
He said a national commission will examine alternatives to first-past-the-post voting.
Scottish First Minister John Swinney criticised the triple-lock change as harmful to pensioners.

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