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Burnham Vows To End Existing Pension Triple Lock In 2030. Prime Minister Andy Burnham has pledged to change the state pension triple lock from 2030 as part of plans to help fund a new national care service in England. In his first Labour conference speech as prime minister, Burnham said pensions would continue to rise each year by at least inflation or 2.5% but would no longer automatically increase in line with average earnings. He said the change would generate significant savings towards his proposed social care reforms. Burnham also set out ambitions for greater public control over housing, water and energy services, and raised the possibility of reforming the UK's electoral system. Addressing delegates in Liverpool, he said his government wanted to put the country on a "new path" and end what he described as a decade of division.
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