State Retirement Pensions: Uprating
(asked on 19th October 2026) - View Source
Question to the HM Treasury:
To ask His Majesty's Government what annual savings they forecast from the proposed State Pension uprating reforms between 2030–31 and 2039–40; and how they expect to fund any shortfall between those savings and the additional expenditure required for their proposed national care service.
The Department for Work and Pensions has published analysis setting out the estimated Annually Managed Expenditure savings from the adjusted Triple Lock.[1] These are estimated at £15bn in 2039/40.
Savings from the adjusted Triple Lock will contribute to the costs of a National Care Service, which the PM has been clear will be fully funded. Baroness Casey’s Independent Commission on Adult Social Care will make recommendations on how and when to build up the National Care Service when it reports in 2027.