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  <title>The Geopolitical Economist · Michael Theodorou</title>
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  <description>Michael Theodorou writes on British economic policy and public finance.</description>
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    <title>The Triple Lock: A Liability on Britain&#x27;s Finances or an Imperative for Pensioners?</title>
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    <pubDate>Wed, 28 Oct 2026 06:00:00 +0000</pubDate>
    <dc:creator>Michael Theodorou</dc:creator>
    <description>The Labour Government&#x27;s timely decision to reform the triple lock, effective in April 2030, to fund a National Care Service fostered discord from opposition parties, consequently leaving Britain in a precarious position.</description>
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    <content:encoded><![CDATA[New analysis on The Geopolitical Economist

The Triple Lock: A Liability on Britain's Finances or an Imperative for Pensioners?

The triple lock will cost £15.5bn a year by 2029-30. Labour's double-lock reform divides Britain. Michael Theodorou on what comes next.

The Labour Government's timely decision to reform the triple lock, effective in April 2030, to fund a National Care Service fostered discord from opposition parties, consequently leaving Britain in a precarious position.

From the opening:
“The triple lock ensures State Pensions rise annually by the highest of wage earnings, inflation or 2.5%. Andy Burnham, Prime Minister, intends to shorten the policy to a double lock, rewarding pensioners annually by the higher of inflation or 2.5%, with a 'new' earnings link in place to guarantee the State Pension…”

By Michael Theodorou

Read the full analysis: https://geopoliticaleconomist.com/articles/triple-lock-britain-pensions

#Geopolitics #Europe #GlobalEconomy]]></content:encoded>
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