Londoners face tax rises to fund Andy Burnham's social care reforms even if pensions 'Triple Lock' is scrapped

Health experts say that £18 billion more a year may be needed to be spent to tackle the social care crisis, though, the Prime Minister has disputed the figure.Young Londoners face tax rises to pay for landmark social care reformsGettyOne possibility that the Government is believed to be considering is reforming the “Triple Lock”, which means the State pension rises by inflation, wage increases or 2.5%, which ever is the highest, to channel funding into social care.But Mr Cribb told The Standard: “If they scrap or move away from the Triple Lock, that's not enough to fund big entitlement to social care in the next few years, in the early 2030s. “Therefore, they would need other spending cuts, or tax rises.”Andy Burnham at Labour’s annual conference in LiverpoolPAThe funding raised from such a reform over the next decade or so would be “small change compared to the potential spending on social care”. Read More“If they do broad tax rises through income tax or National Insurance, or an equivalent to National Insurance, some kind of social care levy, that is likely to affect younger and middle-aged people more because they work more and they earn more.”London has a lower proportion of pensioners compared to other parts of BritainPA WireLondon has a younger population than regions around the country.The highest old age dependency ratio was in the South West with 353 pensioners per 1,000 people of working age, followed by the North East at 318, the East 304, the South East 302, East Midlands 298, Yorkshire and the Humber 290 and West Midlands 284.So the capital gets proportionately less benefit from the “Triple Lock” than other parts of Britain, while being the region which provides more of its funding.