Reform UK has formally committed to maintaining the state pension triple lock if it wins the next general election, ending months of speculation over the party's position. Leader Nigel Farage confirmed the policy at a press conference on Thursday, citing the need to protect older pensioners on the pre-2016 system, who receive significantly less than those on the new state pension.
The triple lock guarantees annual increases in line with inflation, average earnings, or 2.5 per cent, whichever is highest. Farage had previously expressed scepticism, saying in February that its future was 'up for debate', but insisted the party had simply taken time to decide. Economics spokesman Robert Jenrick, who backed the lock publicly in February, said pensioners had 'paid in for 30 or 40 years' and deserved protection.
Farage signalled that the cost of maintaining the triple lock would be offset by sweeping welfare cuts, which he described as 'the most radical proposals to cut welfare ever seen in this country'. Details are expected within a fortnight. The party also plans a review of public sector pensions, potentially affecting millions of workers.
Other major parties largely support the triple lock. Labour has pledged to keep it for the current parliament, while the Conservatives remain committed, though leader Kemi Badenoch has hinted at a possible rethink depending on the economic situation. The Liberal Democrats back it unconditionally, while the Green Party proposes switching to a double lock, linking rises to inflation or earnings only.
