pensions triple lock

Former UK Prime Minister Tony Blair has called for the abolition of the pensions triple lock, citing its unaffordability. The policy, which guarantees pension increases linked to inflation, wage growth, or 2.5%, is under scrutiny amid financial pressures.

Tony Blair’s thinktank, the Tony Blair Institute, has called for Labour to abandon the 'unaffordable' state pension triple lock due to financial pressures, particularly amid the Iran war's impact on public spending. The institute argues the pension policy is outdated and requires overhaul.