Triple lock

Triple lock: a policy guaranteeing that UK state‑pension benefits rise each year by the greater of inflation or average earnings growth. In a BBC interview on 20 October 2026 Kemi Badenoch said she would not accept cuts to the triple lock, stating that reducing it would risk ‘pensioner poverty’. She suggested other spending‑saving measures instead. Triple lock formula increases United Kingdom state pension. Triple lock formula carries cost to United Kingdom government. The triple lock policy mandates that the state pension will increase in line with average wage increases (3.9 %) Burnham pledged to reform the existing state pension triple lock· Graphiti 生成的实体摘要