A proposed shift in the pensions triple lock from 2030 has been put forward to help fund a major overhaul of social care, though financial experts remain skeptical about whether the move would generate sufficient revenue. The government’s plan to adjust the long-standing guarantee—currently ensuring annual pension increases tied to wages, inflation, or 2.5%—has sparked debate over its economic impact and feasibility. Critics argue the change may not deliver enough savings to fully address the funding gap in social care reform. The proposal underscores broader tensions between pension protections and long-term public spending priorities.
Burnham said he wants to change the pensions triple lock from 2030 to pay for his social care reform, but analysts have questioned whether it will raise enough money.
