A potential alteration to the pension triple lock is being examined as a means to finance a substantial social care plan, reportedly associated with Burnham. The Institute for Fiscal Studies (IFS) has raised the question of whether such a change could provide the necessary funds for this initiative.
Pension Triple Lock Change Could Fund Social Care Plan
UKPulse Money DeskA potential change to the pension triple lock is being considered as a way to fund a significant social care plan, according to a report.
- Changing the pension triple lock is being explored as a funding mechanism.
- The potential funding is linked to a social care plan proposed by Burnham.