Tories will consider means-testing triple-lock, Badenoch says

Kemi Badenoch has said the Tories will consider means-testing the triple-lock, in what would be a major policy shift for the party.

The Conservative leader said that while in government the party had supported the system, but that “we need to make sure we are growing.”

Under the policy, the state pension rises each year by whichever is highest out of 2.5%, inflation, or earnings.

During a phone-in on LBC, Mrs Badenoch was asked whether she would “look at” the triple-lock, to which she replied: “We’re going to look at means-testing. Means-testing is something which we don’t do properly here.”

However, she criticised the Labour Government’s move to means-test the winter fuel payment, saying it meant “people who are actually on the breadline actually have had their winter fuel payment taken away”.

“We don’t have a system that knows who should get what,” she told the programme.

“The triple-lock is a policy which we supported throughout our 14 years in government, that was a Conservative policy, but we need to make sure that we are growing.

“Starting with the triple-lock is not how to solve the problem. We need to start with, why are we not making the same kind of money we used to make?

She added: “We’ve got to give something to the next generation. What are we leaving them with?

“And that’s what we’ve got to sort out. We can’t just make ourselves comfortable now, spending their future.”

The suggestion quickly came under fire from political opponents, with Labour accusing the Tory leader of “putting pensioners on notice” while the Liberal Democrats said the Conservatives should “clarify what she meant”.

A Labour Party spokesman said: “Kemi Badenoch has put pensioners on notice – she’s going to cut your state pension.

“The Labour Government has taken tough action to clean up the mess the Tories left our economy in, meaning we can guarantee a £470 cash boost for pensioners in April.

“The Tories have let the mask slip though and are happy to leave pensioners worse off. Yet again, the Conservatives haven’t listened and they haven’t learned.”

Liberal Democrat deputy leader Daisy Cooper said: “Bungling Badenoch has finally come up with her first new policy, slashing the state pension.

“The Conservatives urgently need to clarify what she meant and how many pensioners would lose out.

“The Liberal Democrats are proud we introduced the triple-lock and will fight tooth and nail against Conservative attempts to weaken it.”

Published: 17/01/2025 by Radio NewsHub