Editor's View: Farewell to the triple lock

The editor's Friday Night Takeaway from 2 October

Jen Frost
clock • 2 min read

“Overly generous and unsustainable”, words used by a financial advice boss this week to describe the triple lock.

"Simply fantasy," a description from a financial services expert of prime minister Andy Burnham's plans to use triple lock savings to bankroll social care. Burnham made the bold-ish move this week of overhauling the triple lock, with the future state pension to rise by at least inflation or 2.5%. I say bold-ish because the status quo remains in place for the rest of this parliament, with change slated for 2030. Reaction has been a bit double-sided, as you can tell from the above quotes. It's widely believed that the triple lock was becoming untenable, with politicians too afraid to...

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