UK State Pension Triple Lock To Be Scrapped, Andy Burnham Says
Millions of state pension holders will now receive a less generous retirement income as a result of changes announced by Prime Minister Andy Burnham at the 2026 Labour Party conference. The pivot, which will mean the state pension “triple lock” will be downgraded to a “double lock,” comes after intense pressure from across the political spectrum. Under the existing system, the state pension triple lock uprates annual state pension payments by the higher of wage increases, inflation, or 2.50%. Under...
