Britain’s Reform UK leader Nigel Farage speaks at a press conference, in London, Britain, April 2, 2026. REUTERS/Hannah McKayCredit: ReutersTHE pensions triple lock will STAY under a Reform government, Nigel Farage vowed today.
The party leader vowed to cut tens of billions of pounds from the bill in order protect the income of older Brits.
Nigel Farage today announced that under a Reform government the pensions triple lock will be maintainedCredit: Reuters
Reform had previously left the door open to scrapping the triple lock – but today made a “final” choice to keep it.
Mr Farage said: “When I said the jury’s out on the triple lock and what we would decide to do on this and with many other issues too, if I could just interpret that into simple English, what I meant was the jury’s out. Not that I’d made my mind up either way.
“And we have discussed it, and we have debated it, and we’ve decided it’s going to stay.”
The Reform chief argued that many silver haired Brits who got their before 2016 are “really pretty disadvantaged by the current system”.
He added that OAPs are among those who “have actually worked and paid into the system”.
Pushed on the affordability of the triple lock, Mr Farage said that within two weeks he will announce “the biggest cuts to the benefits bill ever seen in the of this country“.
What is the triple lock?
The triple lock is a safeguard used to decide how much the rises by each year.
It was introduced by the Liberal Democrat and Conservative coalition in 2010.
Based on the triple lock, payments rise in line with whichever is highest out of the following:
- Earnings – the average percentage growth in wages in Great Britain from May to July (released in September)
- – the rising in the UK, as measured by the Consumer Prices Index (in September the previous year)
- 2.5%
It means pension payments will rise in 2024 by whichever is highest out of earnings, or 2.5%.
The triple lock has been implemented every year since its inception, bar 2022/23, when it was temporarily halted for a “double lock” and the wage element was withdrawn.
Eze Chidiebere Paul
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