UK Prime Minister Andy Burnham pledges pension overhaul and greater public control of water

  • Andy Burnham pledged pension and social-care reforms alongside greater public control of essential industries.
  • The triple lock currently raises state pensions by inflation, wage growth or 2.5%, whichever is highest.
  • Regional mayors would gain stronger powers over water companies, with tougher consequences for repeated failures.

British Prime Minister Andy Burnham pledged to overhaul state pensions, establish free care for older people at the point of use and bring water, energy and housing under greater public control. He said the government would separate annual pension increases from average earnings growth, generating savings for a national care service without increasing borrowing. The triple lock, introduced in 2011, currently raises pensions by the highest of inflation, wage growth or 2.5%. Burnham said the pension and care policy would be introduced after the next election if Labour is returned to power and would comply with fiscal rules. On water, he pledged to repeal the restriction on public ownership instituted in the 1980s, give regional mayors greater powers, close loopholes enabling excessive executive bonuses and impose tougher consequences on repeatedly failing companies. Existing proposals would remove government ownership limits of between 1% and 3% for major water and sewerage companies in England, while retaining reliance on private-sector investment. Further details on the wider reforms are due in a 10-year plan for Britain later this year.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.