Reforming the Triple Lock | Leicester News

Leicester News Today | 2 Min News | The Daily News Now! · Jun 30, 2026 · 1m

Andy Burnham faces mounting pressure to rethink the state pension’s triple lock if he becomes Prime Minister, as a growing political consensus warns the current system is financially unsustainable. The triple lock guarantees annual pension rises based on the highest of wage growth, inflation, or 2.5%, set to push payments up by £247 next April — a burden many now see as fiscally reckless. Think tank Onward proposes replacing it with an earnings-based model, capped at 28% of income and adjusted for population shifts, freeing up funds for new parents. While the policy’s original intent was to…