The prime minister’s plan to end the triple lock on pensions is a “bad idea”, First Minister John Swinney has said. <\/p>\n
The policy ensures that state pensions increase annually in line with inflation, average wage growth, or 2.5% – whichever is highest. <\/p>\n
However, at the Labour conference, Andy Burnham said that from April 2030 the annual earnings option would be dropped.<\/p>\n
Burnham also hit back at Swinney’s claim that he would be the UK’s last prime minster, insisting he was “determined” to prove the SNP leader wrong. <\/p>\n
Under Burnham’s plans, state pensions would rise in line with inflation or 2.5% from 2030. It was later suggested the rate could rise by more than this in some years to ensure it holds its value relative to earnings.<\/p>\n","protected":false},"excerpt":{"rendered":"The prime minister’s plan to end the triple lock on pensions is a “bad idea”, First Minister John…\n","protected":false},"author":2,"featured_media":786665,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,4174,4175,56,54,55],"class_list":["post-786664","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-personal-finance","tag-personalfinance","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/786664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=786664"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/786664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/786665"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=786664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=786664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=786664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}