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Burnham’s Pension Promise and the Triple Lock | Leeds News
Description
New PM Andy Burnham is rolling out a bold plan to protect state pensioners, pledging to keep the triple lock intact — guaranteeing annual pension hikes based on inflation, wage growth, or 2.5% — potentially adding £240 a year for basic rate recipients. While this brings welcome relief, experts are pushing for smarter, long-term models like Australia’s smoothed earnings link. Burnham’s framing his leadership as a “circuit breaker” for the nation, promising immediate family support measures this week — all while navigating the delicate balance between short-term aid and fiscal responsibility.
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