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Shadow chancellor Mel Stride has suggested a future Conservative government could axe the triple lock on pensions.

In a controversial move that prompted Labour to accuse the Conservatives of betraying pensioners, he said the commitment was unsustainable in the very long term.

Introduced by then-chancellor George Osborne during David Cameron’s coalition government, the triple lock guarantees the state pension rises in line with average earnings, inflation or 2.5%, whichever is highest.

That means the current state pension of £221,20 a week will rise by £472 a year from April 2025, in line with the latest growth in wages, which have risen by 4.1%.

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Mr Stride’s highly significant signal of possible pension reforms if the Conservatives win the next election came during a speech and Q&A with political journalists in Westminster.

He was asked about remarks he made when he was Work and Pensions Secretary under Rishi Sunak, when he was reported as saying the triple lock was unsustainable.

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He replied: “I’m widely reported as having said, as you phrased it, it’s unsustainable. What I actually said was that in the very, very long term, it is unsustainable. Now that is just a mathematical reality.”

He said the reason for this was that the cost of the state pension would spiral over many decades under the triple lock if it continued indefinitely.

“So the answer to your question, though, is we will be looking at every single aspect, including policies around pensioners and so on, as we go forward,” he continued.

“But – and I think it’s fair to say that as a party we have always stood up for and always worked to protect pensioners.”

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Mel Stride. File pic: AP
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Mel Stride. File pic: AP

Responding to Mr Stride’s latest remarks, a Labour spokesperson said: “Mel Stride has let slip that the Tories are planning to betray pensioners and ditch the triple lock.

“In government, the Tories broke the triple lock and left pensioners worse off. Now they’re planning to do it all over again. The Conservatives haven’t listened and they haven’t learned.

“This Labour government is committed to raising living standards and giving pensioners the dignity and security they deserve in retirement.

“Millions are set to see their state pension rise by up to £1,900 this parliament through our commitment to the triple lock and our Plan for Change means investment and reform to grow the economy to put more money in people’s pockets.”

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‘We’re a team’: Jess Phillips defends PM’s decision to suspend Labour rebels

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Starmer suspends four Labour MPs for breaches of party discipline

A minister has defended Sir Keir Starmer’s decision to discipline rebellious MPs, saying they would have used “stronger” language against those who are “continually causing trouble”.

Home Office minister Jess Phillips told Sky News’ Matt Barbet that Labour MPs were elected “as a team under a banner and under a manifesto” and could “expect” to face disciplinary action if they did not vote with the government.

It comes after the prime minister drew criticism for suspending four Labour MPs who voted against the government on its flagship welfare bill earlier this month, while stripping a further three of their roles as trade envoys.

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Brian Leishman, Chris Hinchliff, Neil Duncan-Jordan and Rachael Maskell.
Pic: Uk Parliament
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Brian Leishman, Chris Hinchliff, Neil Duncan-Jordan and Rachael Maskell.
Pic: Uk Parliament

Brian Leishman, Chris Hinchliff, Neil Duncan-Jordan and Rachael Maskell all lost the whip, meaning they are no longer part of Labour’s parliamentary party and will sit as independent MPs.

Labour backbenchers lined up to criticise the move last night, arguing it was a “terrible look” that made “a Reform government much more likely”.

But speaking to Sky News, Ms Phillips said: “We were elected as a team under a banner and under a manifesto, and we have to seek to work together, and if you are acting in a manner that is to undermine the ability of the government to deliver those things, I don’t know what you expect.

“Now I speak out against things I do not like, both internally and sometimes externally, all the time.

“There is a manner of doing that, that is the right way to go about it. And sometimes you feel forced to rebel and vote against.”

Referring to a description of the rebels by an unnamed source in The Times, she said: “I didn’t call it persistent knob-headery, but that’s the way that it’s been termed by some.”

She said she would have described it as “something much more sweary” because “we are a team, and we have to act as a team in order to achieve something”.

More than 100 MPs had initially rebelled against the plan to cut personal independent payments (PIP). Ultimately, 47 voted against the bill’s third reading, after it was watered down significantly in the face of defeat.

Three other MPs – who also voted against the government – have had their trade envoy roles removed. They are Rosena Allin Khan, Bell Ribeiro-Addy and Mohammed Yasin.

However, it is understood this was not the only reason behind the decision to reprimand all seven MPs, with sources citing “repeated breaches of party discipline”.

Ms Maskell was one of the lead rebels in the welfare revolt, and has more recently called for a wealth tax to fund the U-turn.

Mr Hinchliff, the MP for North East Hertfordshire, proposed a series of amendments to the flagship planning and infrastructure bill criticising the government’s approach.

Read more:
Why suspended Labour MPs clearly hit a nerve with Starmer
Who are the suspended Labour MPs?

Mr Duncan-Jordan, the MP for Poole, led a rebellion against the cut to the winter fuel payments while Alloa and Grangemouth MP Mr Leishman has been critical of the government’s position on Gaza as well as the closing of an oil refinery in his constituency.

Ian Byrne, the Labour MP for Liverpool West Derby, wrote on X on Wednesday that the prime minister’s actions “don’t show strength” and were “damaging Labour’s support and risk rolling out the red carpet for Reform”.

Leeds East MP Richard Burgon added that “challenging policies that harm our communities” would “make a Reform government much more likely”.

Ian Lavery, Labour MP for Blyth and Ashington, warned the suspensions were “a terrible look”.

“Dissatisfaction with the direction the leadership is taking us isn’t confined to the fringes,” he wrote.

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Five reasons to be confused by Starmer’s MP suspensions

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Five reasons to be confused by Starmer's MP suspensions

I’m going to level with you – I am very, very confused.

In fact, I’ve got five reasons why I’m very confused.

The first reason I’m confused is because this is meant to be a show of strength, but most people have literally never heard of these four individuals.

Rachael Maskell is a bit well-known, but if this is intended to impress the public, then I’m not sure the public will notice.

Secondly, if it’s about installing discipline in the parliamentary Labour Party, I’m confused about that. Surely Sir Keir Starmer‘s aim right now should be to unite the parliamentary Labour Party rather than divide it.

After the welfare rebellion, the promise was to listen. Starmer gave interviews saying he was going to create policy more sympathetic to his party.

This is the opposite approach.

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The third reason I’m confused is because they’ve been suspended in part for their role in the welfare rebellion that forced the government into its U-turn.

It was only yesterday morning that Work and Pensions Secretary Liz Kendall said the government’s welfare reforms were in the “right place” – yet the people who helped get them there are suspended.

Suspended for agreeing with what is now government policy is an odd look.

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Sir Keir Starmer has suspended four MPs from the parliamentary Labour Party for ‘repeated breaches of discipline’.

Fourth, I’m confused at who the most prominent individual to be suspended is – Rachael Maskell.

She was on Sky News within minutes of the suspension looking genuinely surprised and really rather upset.

Now, there’s absolutely no doubt she was a ringleader in this rebellion. Eight days ago, she authored an article in the New Statesman discussing how to organise a government rebellion – so I think that’s pretty much case closed.

But Rachael is of the soft left, not the hard left. And who else is on the soft left? It’s Starmer.

It does feel as if the prime minister is slightly coming for people who have dangerously similar views to him.

I understand this is all about drawing hard lines and showing who’s on your team and who isn’t.

But some of that line looks like it goes awfully close to people that you really wouldn’t want to be on the wrong side of if you’re prime minister.

Read more:
Who are the suspended Labour MPs?
Why suspended MPs hit a nerve with Starmer

And finally, three other MPs – Rosena Allin-Khan, Bell Ribeiro-Addy and Mohammed Yasin – have been sacked from their trade envoy jobs. They do retain the party whip.

But here’s the thing that hurts your head: if you are a Lib Dem trade envoy, like Sarah Olney, or if you’re a Tory trade envoy, as George Freeman was until a couple of weeks ago when he was suspended, you do not have to obey the whip – and you can continue to keep your trade envoy role.

But if you’re in the Labour Party and you’re a trade envoy, you do have to obey the whip.

And it’s just one of those mad inconsistencies where if you’re in another party, you can keep your trade envoy role, if you’re in the governing party, you can’t. That just doesn’t make sense at all.

So there are my five reasons why I’m completely confused.

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UK officer jailed for 50 Bitcoin theft during Silk Road 2.0 probe

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UK officer jailed for 50 Bitcoin theft during Silk Road 2.0 probe

UK officer jailed for 50 Bitcoin theft during Silk Road 2.0 probe

The UK has jailed a former National Crime Agency officer who stole and spent Bitcoin seized from Silk Road 2.0 co-founder Thomas White.

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