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Story summary
- Prime Minister Andy Burnham announced pension triple-lock reforms and a new care service.
- From April 2030 pensions will rise only with inflation or a 2.5% floor, dropping the wage link.
- The Institute for Fiscal Studies says the new lock will cut pension spending by £9 billion annually.
- Burnham said the National Care Service will cost at least £18 billion and will not require tax rises.
