The Triple Lock

What are the alternative uprating mechanisms?

CBP have previously written about a proposed mechanism: Fix the triple lock to save it (November 2025).

Click a box to compare it with other options. Some proposals can be adjusted — drag their slider to see the effect on the charts immediately. Figures are estimates from 10,000 simulated economic scenarios.

Triple Lock (baseline) — always shown for comparison

Reform proposals

Explore other options

Nominal annual savings vs Triple Lock

£bn per year, mean across simulations. Positive = cheaper than the Triple Lock.

The New State Pension, £ per year

Full NSP rate under each policy, from the 2026/27 award of £12,547.60/year (£241.30/week).

The New State Pension as a share of median earnings

NSP weekly rate ÷ UK median full-time weekly earnings (ONS ASHE; projected from 2026 using AWE growth).

Cumulative nominal savings vs Triple Lock

£bn, running total of annual savings from the 2027/28 uprating, mean across simulations. Years are uprating years (2027 = 2027/28).