Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Former Bank of England rate-setter to become next OBR chair 

      Jonathan Haskel speaking at a business conference, wearing a suit and tie with a focused expression, emphasizing economic ...

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Government is set to deal major blow to Big Tech’s moves into sports rights

      Without the article title or content provided, Im unable to generate a specific alt text for the image. Please provide mor...

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Procter & Gamble axes relationship with Kremlin propaganda channel

      007 PG news article image featuring a business meeting with executives discussing strategy at a modern conference table

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Friday 17 January 2025 11:45 am  |  Updated:  Friday 17 January 2025 1:29 pm

Kemi Badenoch: Tories could means test state pension triple-lock

By: Jessica Frank-Keyes

Political Reporter

Add as a preferred source on Google
Kemi Badenoch has said the Conservatives could look at means testing the state pension triple-lock, in what would be a major policy shift. 
Kemi Badenoch has said the Conservatives could look at means testing the state pension triple-lock, in what would be a major policy shift. 

Kemi Badenoch has said the Conservatives could look at means testing the state pension triple-lock, in what would be a major policy shift. 

The Tory Party leader was asked during a phone-in on LBC Radio whether she would “look at” the triple-lock on the state pension, which sees the welfare benefit rise each year by whichever is highest out of 2.5 per cent, inflation, or earnings growth.

Badenoch said in response: “We’re going to look at means-testing. Means-testing is something which we don’t do properly here.”

She said that while in government the Conservatives had supported the policy, which was introduced by the Conservative and Liberal Democrat coalition government in 2010, but that, referring to Britain’s economic woes, “we need to make sure we are growing.”

Critics of the policy argue it’s unsustainable in the long-term, as the number of UK pensioners entitled to claim the state pension continues to rise, putting pressure on Treasury coffers at the potential expense of younger generations and pro-growth efforts.

But the North West Essex MP also criticised the Labour government for moving to means-test the pensioners’ winter fuel payment, warning “people who are actually on the breadline” had lost the support.

She told the programme, which followed her first major speech of 2025, focused on restoring trust: “We don’t have a system that knows who should get what.

“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?”

Kemi “putting pensioners on notice”

In an apparent nod to the Tories struggle to attract younger voters, Badenoch added: “We’ve got to give something to the next generation. What are we leaving them with?

Read more

Andy Burnham commits to triple lock despite backlash over ‘unsustainable’ policy

Andy Burnham speaking to supporters during his campaign to re-enter UK parliament, engaging with the public in outdoor set...

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

But her suggestion quickly prompted criticism, as Labour claimed she was “putting pensioners on notice” while the Libs Dems said the Tories should “clarify what she meant”.

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

While Lib Dem 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.”

Speaking to Times Radio this morning, Conservative co-chairman Nigel Huddleston was asked about means testing and whether the UK could continue to afford the triple-lock policy.

“Over the long term, that is exactly the sort of thing we’re looking at,” he said.

And a Labour spokesperson responded: “Kemi Badenoch and her Tory Party Chair have let the mask slip: they’d cut your state pension.

“The Conservatives are still in chaos, announcing policies on the hoof that would mean a raid on pension pots.”

Play Video
Read more

Kemi Badenoch can still woo the City

Kemi Badenoch has blasted Labour's tax 'doom loop'

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Politics

People & Organisations

  • Conservative Party
  • Kemi Badenoch
  • Labour Party
  • LBC Radio
  • Liberal Democrats
  • means testing
  • pension
  • State pension
  • Tory Party
  • triple lock

Trending Articles

  • Who could be Andy Burnham’s Chancellor? 

  • As it happened: FTSE 100 finishes higher as US-Iran talks progress and Starmer resigns; Space X shares fall after bond sale

  • FTSE 100 Live: Stocks slump after markets rocked by tech-sell off; US claims ‘good foundations’ of Iran deal

  • Coca-Cola brings in restructuring lineup over failed Costa sale

  • Starmer will resign, Trump says

More from CityAM

  • Andy Burnham commits to triple lock despite backlash over ‘unsustainable’ policy

    Politics
    Andy Burnham speaking to supporters during his campaign to re-enter UK parliament, engaging with the public in outdoor set...
  • Kemi Badenoch can still woo the City

    Opinion
    Kemi Badenoch has blasted Labour's tax 'doom loop'
  • ‘Unsustainable’ – Iceland boss and Labour peer calls for end of triple lock pension

    Economics
    Iceland's Richard Walker
  • Kemi Badenoch pledges to wield the axe on post-financial crisis banking regulation

    Banking
    Kemi Badenoch discussing strategies for a stronger economy at a business conference podium, emphasizing economic growth
  • Badenoch: City’s risk culture should be ‘championed’ to boost UK growth

    Politics
    Kemi Badenoch speaking at a podium during a press conference, addressing recent policy changes and business initiatives.
  • Jeremy Hunt: Pension triple lock is an ‘anchor drag’ on economic growth

    Politics
    Jeremy Hunt has promised to cut more taxes as “hard work is rewarded”.
  • Conservatives will slash the regulations holding the City back

    Opinion
    Kemi Badenoch discussing strategies for a stronger economy at a business conference podium, emphasizing economic growth
  • HMRC has been overtaxing pensioners for a decade- have you been affected?

    Personal Finance
    HMRC overcharged pensioners thousands

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies