00:00We will still have a very good state pension system going forward. We are keeping our promise
00:07to pensioners to maintain the triple lock for the duration of this Parliament and from
00:13April 2030 we'll have a new adjusted triple lock that will see the state pension rising
00:19every year either by inflation or 2.5% and with that additional third element of making
00:25sure it is pegged to average earnings going forward. That is a good and importantly a
00:32sustainable way to fund the state pension in the future. So he has taken on a long term
00:40issue and he's made sure that as well as changing that formula he's tackling the long term issue
00:46of social care too and that really matters both to pensioners and to their families many
00:52of whom worry about how their elderly relatives are going to be looked after in the future.
00:55So
