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Torsten Bell @torstenbell.bsky.social · 02/10/2026

There's only one topic to write about this week: @andyburnham.bsky.social's positive, patriotic speech. To wrap up the week, I'm sharing answers to the questions I’ve most often been asked about changes the PM announced to the Triple Lock 🧵 torstenbell.substack.com/p/the-future...

torstenbell.substack.com

The Future of the Triple Lock

The questions I’ve been asked most after Andy Burnham’s speech - and what the answers are.

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Torsten Bell @torstenbell.bsky.social · 02/10/2026

We're honouring our promise, keeping the Triple Lock for the rest of this Parliament. The full new State Pension will rise by £2,000+, reaching a record high relative to earnings by 2029/30. This will see the permanent reversal of Thatcher's decoupling of the SP from wages.

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Torsten Bell @torstenbell.bsky.social · 02/10/2026

From April 2030, we will adjust the Triple Lock. The core principles will stay the same: a material rise every year, protecting against price increases, and making sure pensioners benefit from economic growth. Is it still a TRIPLE Lock? It has 3 elements, making the answer: yes.

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