Labour considers scrapping pension triple lock to fund care service

Summarised from 2 outlets · Updated 28 Sept, 12:32 · Archive

Labour is reported to be considering scrapping the state pension triple lock to help fund a new national care service.

Labour insiders believe an NHS-style national care service could be used to justify scrapping the state pension triple lock, which guarantees annual rises by whichever is highest: inflation, average earnings growth or 2.5%. The party is searching for £18 billion to fund the social care programme.

How it is being reported

• Calls grow to rethink state pension triple lock as Labour searches for £18 billion for social care programmeEvening Standard · 28 Sept, 12:14
• Triple lock could face axe to help fund national care service, Labour insiders believeThe i Paper · 27 Sept, 18:54

In this story: Labour · NHS

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem