Labour proposes replacing state pension triple lock with double lock in 2030

Andy Burnham has said the state pension’s triple lock will end in its current form after 2029, with Labour proposing a double lock from 2030. The change matters because it would alter how pension increases are calculated, although the article does not specify exactly which two measures the proposed system would use.

The triple lock currently raises pensions by whichever is highest: inflation, earnings growth or 2.5 per cent. The article says the full new state pension is £241.30 a week and the full basic pension is £184.90; eligibility depends on National Insurance records, with around 35 qualifying years usually needed for the full amount. State pension age is 66 and is scheduled to rise to 67 between May 2026 and April 2028.