British BulletinBritish Bulletin
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Lifestyle
  • Health
  • Sports
  • Tech & Science
  • Travel
  • Spotlight
  • More
    • Press Release
What's On

URC: Wales hopeful Morgan Morris aims for strong finish to toughest year

27 April 2026

LPGA Chevron Championship: Nelly Korda returns to world number one with Chevron win

27 April 2026

Man, 51, arrested after packed-out gay nightclub set on fire in ‘devastating arson attack’

27 April 2026

Chelsea 1-0 Leeds United: Tactical timeouts need to be clamped down on – Danny Murphy

27 April 2026

Fish and chip shops across Britain could be forced to SHUT amid rocketing oil and energy costs

27 April 2026
Facebook X (Twitter) Instagram
Web Stories
Facebook X (Twitter) Instagram
British Bulletin
Subscribe
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Lifestyle
  • Health
  • Sports
  • Tech & Science
  • Travel
  • Spotlight
  • More
    • Press Release
British BulletinBritish Bulletin
Home » Labour told to ‘means-test payments for incomes over £50,000’ and axe triple lock
Business

Labour told to ‘means-test payments for incomes over £50,000’ and axe triple lock

By britishbulletin.com11 January 20264 Mins Read
Labour told to ‘means-test payments for incomes over £50,000’ and axe triple lock
Share
Facebook Twitter LinkedIn Pinterest Email

The Labour Government is being urged to “end state pensions for incomes over £50,000” and axe the triple lock, which is the mechanism used to determine annual payment hikes for the retirement benefit.

A new petition launched on the Parliament website is demanding significant overhauls to the UK’s state pension regime, which members of the public calling on means-testing to be introduced..


David Matthews, who created the campaign titled “Review, reform and means-test the state pension and scrap tuition fees,” is proposing three major changes that would redirect government spending towards eliminating university tuition fees.

The proposals include abolishing the triple lock mechanism, which guarantees state pension payment rates increase every year by either the rate of inflation, average wage growth, or 2.5 per cent; whichever is highest.

A petition is urging the Government to means-test state pension payments

|

GETTY

Mr Matthews also advocates for introducing means-testing measures that would reduce payments to certain pensioners based on their existing income from other sources.

Under the petition’s recommended reforms, pensioners receiving £20,000 or more annually from private defined benefit schemes would face reduced state pension entitlements.

The most controversial element targets higher earners, with Mr Matthews calling for the complete withdrawal of state pension payments from individuals whose annual income exceeds £50,000.

As it stands, the state pension functions as a contributory benefit, with eligibility for payments being predicated on National Insurance contributions made by workers during their careers.

How much has the state pension risen by thanks to the triple lock? | GB NEWS / FIDELITY INTERNATIONAL

The amount each person receives depends on their individual National Insurance record, with 35 years of contributions being needed to qualify for the full, new state pension.

According to the petition, the current state pension expenditure of almost £150billion annually is not sustainable, with the Office for Budget Responsibility (OBR) also sounding the alarm over the benefit’s expense on the public purse.

The petition states: “We believe those with the broadest shoulders should support an approach which keeps the Chancellor within her borrowing limits and protects priority departments, like the NHS and Defence.”

Mr Matthews’ campaign also highlights concerns about young people facing excessive financial burdens, with the petition declaring: “We believe £50,000 in debt for students is too much.”

Skyrocketing state pension age – will you be affected? | GB News

What has the impact of the state pension triple lock been on the public’s finances | OBR

Should the petition gather 10,000 signatures, it will qualify for a formal written response from the Government. If it receives 100,000 signatures, it will be considered for a debate in Parliament.

However, the petition is far from either of these targets, with only around 30 signatories signing up to Mr Matthews’ call to action. The Labour Government has already distanced itself from any such reforms.

In December 2025, the DWP means-testing the state pension does not form part of its policy agenda. Work and Pensions Secretary Pat McFadden addressed the matter during parliamentary questions, responding to Labour MP Catherine Fookes.

The Monmouthshire representative had raised concerns about Conservative proposals for means-testing discussed at their party conference, noting pensioners in her constituency who “have worked hard all their lives and built up modest savings” were worried about losing their entitlements.

Pat McFadden has confirmed means-testing in not on the Government agenda

| GB NEWS

She shared: “At the Conservative Party conference, the shadow Chief Secretary to the Treasury called for the State Pension to be means-tested. This has caused deep concern to pensioners in Monmouthshire who have worked hard all their lives and built up modest savings.

“Under the Conservative party’s plans, they would risk losing their state pension. Will the Secretary of State confirm that, under this Labour Government, the state pension will remain available to all?”

In response to the Labour MP’s question, Mr McFadden replied: “I am happy to say that what (Ms Fookes) says about means-testing is not the Government’s policy.”

Claimants of the state pension will see their payments rise once again in April 2026, with the retirement age threshold expected to be raised to 67 for thousands later this year.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Fish and chip shops across Britain could be forced to SHUT amid rocketing oil and energy costs

David Attenborough and Winston Churchill among top picks for new banknotes as wildlife theme sparks backlash

NS&I relaunches Premium Bonds with all new rate confirmed for savers

HMRC tax refund warning as one million people miss out on £473 average payout

Labour warns Iran conflict will push UK prices higher for ‘eight-plus months’ after resolution

Lloyds Bank, HSBC and NatWest issue major customer rule update

State pensioners can claim £344 boost every four weeks through single DWP payment

Rachel Reeves blasted as ‘economically illiterate’ amid National Insurance hikes

How GB News’s own Alex Armstrong co‑founded Sayvr — which could change the way we eat for good

Editors Picks

LPGA Chevron Championship: Nelly Korda returns to world number one with Chevron win

27 April 2026

Man, 51, arrested after packed-out gay nightclub set on fire in ‘devastating arson attack’

27 April 2026

Chelsea 1-0 Leeds United: Tactical timeouts need to be clamped down on – Danny Murphy

27 April 2026

Fish and chip shops across Britain could be forced to SHUT amid rocketing oil and energy costs

27 April 2026

Subscribe to News

Get the latest Brittan News and Updates directly to your inbox.

Latest News

Missy Bo Kearns: Aston Villa and England midfielder discusses her miscarriage

27 April 2026

Lord Nelson’s flagship HMS Victory to have masts removed as £42millon repair reaches major milestone

27 April 2026

Ricky Gervais leaves fans divided with new Dutch Barn vodka billboard poking fun at London Marathon runners

27 April 2026
Facebook X (Twitter) Pinterest TikTok Instagram
© 2026 British Bulletin. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.