Keir Starmer has reassured pensioners across the UK that he’s firmly in their corner, promising that their state pensions will continue to rise by hundreds of pounds each year under the current system.
Speaking confidently about the triple lock policy, the Prime Minister highlighted how it’s already helped pensioners get a boost of £470 this year alone. And if current forecasts are anything to go by, that figure could grow by around £1,900 over the next few years — a welcome bit of news for retirees keeping a close eye on their finances.
The triple lock system means the state pension goes up each year based on whichever is highest out of inflation, average earnings, or a flat 2.5 percent. For many, it’s been a financial lifeline, especially with the cost of living still hitting households hard, reported Birmingham Live.
During Prime Minister’s Questions, Starmer didn’t shy away from backing the policy, pointing to it as a core part of how his government is supporting those on lower or fixed incomes. He stressed that it’s not just pensioners he’s thinking about — but working people too, who are doing their best but not always seeing the reward.
“I think of the working people across this country who put in every day and don’t get back what they deserve,” he said. “That’s who we’re working for, that’s who we’re fixing the country for — the sort of people that work hard but haven’t necessarily got the savings to buy themselves out of problems.”
He went on to list some of the recent changes his government has made, designed to ease financial pressure on everyday people.
“That’s why we put the National Living Wage up, that’s an extra £1,400. The national minimum wage up, that’s £2,500 a year. The triple lock, that went up — pensions up £470.”
He also mentioned the government’s moves to support families, with extended childcare, free breakfast clubs and free school meals being rolled out to help ease the burden on working parents.
But while the message is clear — that support is here for now — questions still hang over what happens in the longer term. The triple lock has long been popular, but some economists are warning it might become unsustainable if pension rises continue to outpace earnings or inflation.
So far, Labour has only committed to maintaining the triple lock until the end of this Parliament. What happens beyond that is still uncertain. For now, though, the message from Number 10 is simple — pensioners can expect continued rises, and they’re not being left behind.
With public spending under scrutiny and households watching every penny, many will be holding the Prime Minister to his word in the years ahead. But for now, it’s a rare bit of good news in a climate where most are still just trying to keep their heads above water.
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