Former Prime Minister Sir Ed Miliband has criticized the government’s proposed reforms to the state pension’s triple lock system, warning that scrapping it could worsen financial hardship for retirees. Speaking to the BBC, he argued that the changes would leave more pensioners struggling with rising costs. The triple lock currently ensures annual increases based on earnings, inflation, or a minimum 2.5% rise, but the government has signaled plans to adjust the mechanism. Critics say the move risks undermining long-standing protections for older adults.
Sir Ed questioned the PM's plans to change the triple lock, telling the BBC removing it "would put more pensioners into poverty".
