Andy Burnham has confirmed three changes to the state pension under his premiership, alongside Chancellor John Healey. The triple lock will stay until April 2030, after which the pension would rise by the higher of inflation or 2.5%, ending the link to average earnings. The government says the savings will fund a new National Care Service for older people, and that the pension will still hold its value relative to earnings over time. State pension age, currently 66, is set to rise gradually to 67, with a further increase to 68 planned. Healey will also honour the promise that people whose only income is the State Pension will not pay tax, though Martin Lewis has questioned whether this could create a cliff edge, and the changes still need new legislation.
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• NeutralRelevance: low
| Market | Currencies |
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| Close on 10/16/2026 | 1.33306 |
| Change that session | +0.41% |
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