‘The state pension triple lock is unsustainable – changing the mechanism is overdue’
02-10-2026 17:46 via moneyweek.com

‘The state pension triple lock is unsustainable – changing the mechanism is overdue’

Andy Burnham knows reforming the state pension triple lock carries a political risk, and it could lose him votes. “I won’t pretend some of this won’t be difficult,” he said. “I accept I may pay a political price. But someone has to go through the pain barrier and rip the plaster off.”Speaking at the recent Labour conference, the prime minister announced that he intends to change the triple lock – the policy which uprates the state pension each year by th
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