{"id":490509,"date":"2026-02-19T16:40:24","date_gmt":"2026-02-19T16:40:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/490509\/"},"modified":"2026-02-19T16:40:24","modified_gmt":"2026-02-19T16:40:24","slug":"jenrick-backs-state-pension-triple-lock-in-sign-of-early-split-with-farage","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/490509\/","title":{"rendered":"Jenrick backs state pension triple lock in sign of early split with Farage"},"content":{"rendered":"<p>\n\t\t\t\t\tReform UK&#8217;s Treasury spokesperson says the party will soon reveal more about its pensions policy\t\t\t\t\t                <\/p>\n<p><a class=\"post_in-line_link\" href=\"https:\/\/inews.co.uk\/topic\/robert-jenrick?ico=in-line_link\" rel=\"nofollow noopener\" target=\"_blank\">Robert Jenrick<\/a> has hinted that <a class=\"post_in-line_link\" href=\"https:\/\/inews.co.uk\/topic\/reform-uk-party?ico=in-line_link\" rel=\"nofollow noopener\" target=\"_blank\">Reform UK<\/a> could retain the <a class=\"post_in-line_link\" href=\"https:\/\/inews.co.uk\/topic\/state-pension-triple-lock?ico=in-line_link\" rel=\"nofollow noopener\" target=\"_blank\">state pension triple lock<\/a> after his party leader <a class=\"post_in-line_link\" href=\"https:\/\/inews.co.uk\/topic\/nigel-farage?ico=in-line_link\" rel=\"nofollow noopener\" target=\"_blank\">Nigel Farage<\/a> cast doubt on it.<\/p>\n<p>Jenrick, who was unveiled as Farage\u2019s pick for chancellor on Monday should the party ever form government, said he had \u201calways been a supporter of the triple lock\u201d and that Reform would \u201cprotect pensioners\u201d.<\/p>\n<p>This appears to be at odds with comments by Farage who said the lock was \u201copen for debate\u201d.<\/p>\n<p>It suggests early <a class=\"post_in-line_link\" href=\"https:\/\/inews.co.uk\/news\/politics\/all-the-jenrick-farage-spats-from-generic-to-not-serious-politician-4174901?ico=in-line_link\" rel=\"nofollow noopener\" target=\"_blank\">tensions between Farage and Jenrick<\/a>, a high-profile defector from the Tories who has been <a class=\"post_in-line_link\" href=\"https:\/\/inews.co.uk\/news\/politics\/reform-chancellor-jenrick-pension-benefits-4241282?srsltid=AfmBOooi-YfvvnfDY0GmhA4TYWWwwMI01YmoWz9HX9HfHy0_9n7Vzm_F&amp;ico=in-line_link\" rel=\"nofollow noopener\" target=\"_blank\">handed his new party\u2019s Treasury brief<\/a>.<\/p>\n<p>New FeatureIn ShortQuick Stories. Same trusted journalism.<\/p>\n<p>Shortly after Jenrick\u2019s press conference on Tuesday, Farage told journalists that \u201cI haven\u2019t changed my mind\u201d on the triple lock and \u201ceverything is open for debate\u201d.<\/p>\n<p>The future of the policy \u2013 which guarantees the <a class=\"post_in-line_link\" href=\"https:\/\/inews.co.uk\/topic\/state-pension?ico=in-line_link\" rel=\"nofollow noopener\" target=\"_blank\">state pension<\/a> will rise each year by whatever is highest out of inflation, average earnings growth or 2.5 per cent \u2013 is set to become a major flashpoint at the next election, due in 2029.<\/p>\n<p>It has seen pensions rise significantly over the last few years due to high inflation, leading to fears that it is not affordable in the longer term.<\/p>\n<p>\u2018We\u2019re always going to protect pensioners\u2019<\/p>\n<p>Taking questions from journalists on Tuesday after delivering <a class=\"post_in-line_link\" href=\"https:\/\/inews.co.uk\/news\/politics\/jenrick-trump-reform-britain-4240927?ico=in-line_link\" rel=\"nofollow noopener\" target=\"_blank\">a speech in the City of London on Reform\u2019s economic policy<\/a>, Jenrick was asked whether he would commit to maintaining the triple lock into the next election.<\/p>\n<p>Jenrick said: \u201cWe\u2019re going to say more about this in the coming days, but I\u2019ve always been a supporter of the triple lock. <\/p>\n<p>\u201cIt\u2019s incredibly important to provide dignity and security to all the people on fixed incomes in the last decades of their life, particularly in a time like this when there\u2019s such challenging circumstances with the <a class=\"post_in-line_link\" href=\"https:\/\/inews.co.uk\/topic\/cost-of-living-crisis?ico=in-line_link\" rel=\"nofollow noopener\" target=\"_blank\">cost of living<\/a>.<\/p>\n<p>\u201cSo I don\u2019t think your readers will be disappointed, but we\u2019ll say more in the coming weeks.\u201d<\/p>\n<p>Asked again about the triple lock, he added: \u201cWe\u2019re always going to protect <a class=\"post_in-line_link\" href=\"https:\/\/inews.co.uk\/topic\/pensioners?ico=in-line_link\" rel=\"nofollow noopener\" target=\"_blank\">pensioners<\/a>. We\u2019re always going to protect pensioners, because we want them to live in dignity and security and we appreciate how life has been tough for them as a result of the bad policies of both the last Conservative government and this one, energy prices for example, that has put immense strain on their budgets.\u201d<\/p>\n<p>Asked a third time, he replied: \u201cYour readers will not be disappointed by our view on [the lock]. We want to protect pensioners and those who rely on it.\u201d<\/p>\n<p>Jenrick\u2019s comments differ markedly from those by Farage.<\/p>\n<p>\u2018Everything is up for discussion\u2019 \u2013 Farage<\/p>\n<p>Last year, the Reform leader told The i Paper that he would <a class=\"post_in-line_link\" href=\"https:\/\/inews.co.uk\/news\/politics\/farage-state-pension-triple-lock-3829558?srsltid=AfmBOoqxBC4wAiUV8KGo559JGLIMnU2SAtUpaMt4jVTWL3FlWt2gdGi8&amp;ico=in-line_link\" rel=\"nofollow noopener\" target=\"_blank\">not \u201cabsolutely commit\u201d<\/a> to continuing the lock and that it would \u201call depend on, as a country, what we can afford\u201d.<\/p>\n<p>Asked by Bloomberg last month whether he would end the lock, he said \u201ceverything is up for discussion\u201d and \u201cI get the logic\u201d.<\/p>\n<p>Last year, the Office for Budget Responsibility warned that the policy would be three times more expensive by the end of the decade than it was expected to be when it was introduced in 2011, costing \u00a315.5bn by 2030.<\/p>\n<p>The watchdog said that the triple lock was among a number of spending pressures which were making the UK\u2019s public finances \u201cunsustainable position in the long run\u201d.<\/p>\n<p>Asked on Tuesday by The i Paper if he would be willing to stand up to Farage on economic policy, Jenrick said: \u201cI\u2019ve only worked with Nigel for a few weeks but it\u2019s been extremely positive. I\u2019ve found him to be immensely hard-working, which I respect, somebody with incredible knowledge and understanding of politics and the economy\u201d.<\/p>\n<p>He went on: \u201cAnd somebody who is good at working with people and that\u2019s exactly what we want to do, we want to have a good working relationship. <\/p>\n<p>\u201cNigel is the leader of the party, so it\u2019s not surprising that at the end of the day, he\u2019s the person who makes the final decisions. And what a relief it is to be in a party with a strong leader who everyone respects.\u201d<\/p>\n<p>In his speech, Jenrick also said a Reform government would reintroduce the two-child benefit cap in full and review tax codes for the first time in 40 years.<\/p>\n<p>He said: \u201cWe want a simpler, fairer tax system that incentivises work, saving and investment. That means fixing the absurd marginal tax rates that many people face in our country today, so we do intend to review the tax code in a programme not seen since the landmark reforms of [1980s Conservative chancellor] Nigel Lawson.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Reform UK&#8217;s Treasury spokesperson says the party will soon reveal more about its pensions policy Robert Jenrick has&hellip;\n","protected":false},"author":2,"featured_media":490510,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,113926,1881,184,185,148995,227429,9876,59212],"class_list":{"0":"post-490509","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-nigel-farage","13":"tag-pensioners","14":"tag-personal-finance","15":"tag-personalfinance","16":"tag-reform-uk","17":"tag-robert-jenrick","18":"tag-state-pension","19":"tag-state-pension-triple-lock"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/490509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=490509"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/490509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/490510"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=490509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=490509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=490509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}