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Reform UK Backs Pension Triple Lock After Farage U‑Turn

The party frames the costly pledge as affordable through £40bn in welfare savings.

Overview

  • Reform UK, which confirmed Thursday at a London press conference it will keep the triple lock if it wins the next general election, said the state pension will continue to rise by inflation, wage growth or 2.5% whichever is highest.
  • Nigel Farage reversed earlier doubts and said welfare cuts would pay for the pledge, with him and Treasury spokesman Robert Jenrick claiming about £40bn in yearly savings.
  • Reform also announced a review of public‑sector defined benefit pension schemes for new starters to reduce long‑term costs to the state.
  • Fiscal watchdogs and economists warn the mechanism strains the public finances, as this month’s 4.8% uprating lifts the full annual pension to about £12,548 and adds roughly £6bn to spending.
  • The stance puts Reform alongside Conservatives and Labour on a popular policy and aims at older voters ahead of English council, Scottish Parliament and Welsh Senedd contests next month.